Extra Space Storage, Inc. (EXR) Receives Average Recommendation of “Hold” from Analysts

Extra Space Storage, Inc. (NYSE:EXR) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $87.36.

A number of equities research analysts have recently commented on EXR shares. 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. 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. 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. Finally, Morgan Stanley upgraded Extra Space Storage from an “underweight” rating to an “equal weight” rating and set a $83.00 price objective for the company in a research report on Wednesday, December 13th.

How to Become a New Pot Stock Millionaire

Extra Space Storage stock opened at $82.98 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $10,626.22, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 3.19 and a beta of 0.25. Extra Space Storage has a one year low of $71.34 and a one year high of $88.56.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.55. The firm had revenue of $281.84 million during the quarter, compared to analyst estimates of $283.74 million. Extra Space Storage had a return on equity of 18.87% and a net margin of 44.67%. equities research analysts predict that Extra Space Storage will post 4.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.76%. Extra Space Storage’s payout ratio is currently 82.98%.

In other news, 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 sale, the vice president now owns 144,973 shares in the company, valued at $12,428,535.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Overturf sold 880 shares of the stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $85.33, for a total value of $75,090.40. Following the completion of the sale, the executive vice president now owns 81,257 shares of the company’s stock, valued at approximately $6,933,659.81. The disclosure for this sale can be found here. Insiders sold 62,300 shares of company stock valued at $5,388,931 in the last 90 days. Corporate insiders own 3.72% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of Extra Space Storage by 11.7% in the third quarter. Advisors Asset Management Inc. now owns 5,621 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 589 shares in the last quarter. Loudon Investment Management LLC lifted its holdings in shares of Extra Space Storage by 5.8% in the third quarter. Loudon Investment Management LLC now owns 10,780 shares of the real estate investment trust’s stock valued at $862,000 after purchasing an additional 595 shares in the last quarter. Norinchukin Bank The lifted its holdings in shares of Extra Space Storage by 7.3% in the third quarter. Norinchukin Bank The now owns 9,372 shares of the real estate investment trust’s stock valued at $749,000 after purchasing an additional 635 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Extra Space Storage by 0.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 82,490 shares of the real estate investment trust’s stock valued at $6,591,000 after purchasing an additional 700 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Extra Space Storage by 5.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,950 shares of the real estate investment trust’s stock valued at $1,307,000 after purchasing an additional 766 shares in the last quarter.

TRADEMARK VIOLATION WARNING: “Extra Space Storage, Inc. (EXR) Receives Average Recommendation of “Hold” from Analysts” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3298088/extra-space-storage-inc-exr-receives-average-recommendation-of-hold-from-analysts.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.

Analyst Recommendations for Extra Space Storage (NYSE:EXR)

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.

Latest News

Reviewing XPO Logistics  & DSV
Reviewing XPO Logistics & DSV
UpToken  Reaches 24 Hour Trading Volume of $5.54 Million
UpToken Reaches 24 Hour Trading Volume of $5.54 Million
eGold  Tops One Day Trading Volume of $0.00
eGold Tops One Day Trading Volume of $0.00
Guncoin  Price Reaches $0.0035
Guncoin Price Reaches $0.0035
The Clorox  Sets New 1-Year High and Low at $118.95
The Clorox Sets New 1-Year High and Low at $118.95
Travelport  Reaches New 12-Month High and Low at $17.64
Travelport Reaches New 12-Month High and Low at $17.64


© 2006-2018 Ticker Report. Google+.