Shares of Extra Space Storage, Inc. (NYSE:EXR) hit a new 52-week high and low during mid-day trading on Wednesday . The stock traded as low as $89.62 and last traded at $89.46, with a volume of 589179 shares traded. The stock had previously closed at $89.13.
Several analysts have weighed in on EXR shares. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, March 6th. SunTrust Banks reiterated a “hold” rating and issued a $88.00 price objective on shares of Extra Space Storage in a research report on Friday, April 13th. Cantor Fitzgerald set a $86.00 price objective on Extra Space Storage and gave the company a “hold” rating in a research report on Thursday, March 8th. Jefferies Group set a $92.00 price objective on Extra Space Storage and gave the company a “hold” rating in a research report on Tuesday, March 6th. Finally, BMO Capital Markets set a $78.00 price objective on Extra Space Storage and gave the company a “hold” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.00.
The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $11,287.92, a PE ratio of 19.95, a price-to-earnings-growth ratio of 3.40 and a beta of 0.21.
Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.55. The business had revenue of $281.84 million during the quarter, compared to the consensus estimate of $283.74 million. Extra Space Storage had a return on equity of 18.87% and a net margin of 44.67%. equities analysts expect that Extra Space Storage, Inc. will post 4.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were issued a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.57%. Extra Space Storage’s dividend payout ratio (DPR) is 71.23%.
In other Extra Space Storage news, EVP James Overturf sold 880 shares of the stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $88.22, for a total value of $77,633.60. Following the completion of the transaction, the executive vice president now owns 80,377 shares in the company, valued at $7,090,858.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP P Scott Stubbs sold 9,250 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $85.73, for a total value of $793,002.50. Following the completion of the transaction, the vice president now owns 144,973 shares of the company’s stock, valued at approximately $12,428,535.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,300 shares of company stock valued at $5,393,630. 3.52% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Extra Space Storage in the third quarter worth $200,000. Conning Inc. purchased a new stake in shares of Extra Space Storage in the fourth quarter worth $202,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Extra Space Storage in the fourth quarter worth $245,000. Fox Run Management L.L.C. purchased a new stake in shares of Extra Space Storage in the fourth quarter worth $250,000. Finally, Jane Street Group LLC purchased a new stake in shares of Extra Space Storage in the fourth quarter worth $257,000.
COPYRIGHT VIOLATION WARNING: “Extra Space Storage (EXR) Hits New 52-Week High and Low at $89.62” was originally published by Macon Daily and is the property of of Macon Daily. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://macondaily.com/2018/04/20/extra-space-storage-exr-hits-new-52-week-high-and-low-at-89-62.html.
Extra Space Storage Company Profile
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.
Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.