Insider Selling: Extra Space Storage, Inc. (EXR) EVP Sells 880 Shares of Stock

Extra Space Storage, Inc. (NYSE:EXR) EVP James Overturf sold 880 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $85.33, for a total transaction of $75,090.40. Following the completion of the transaction, the executive vice president now directly owns 81,257 shares of the company’s stock, valued at approximately $6,933,659.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

James Overturf also recently made the following trade(s):

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  • On Thursday, February 15th, James Overturf sold 880 shares of Extra Space Storage stock. The stock was sold at an average price of $81.62, for a total transaction of $71,825.60.
  • On Thursday, January 18th, James Overturf sold 880 shares of Extra Space Storage stock. The stock was sold at an average price of $82.88, for a total transaction of $72,934.40.

Extra Space Storage stock opened at $82.98 on Friday. Extra Space Storage, Inc. has a 1-year low of $71.34 and a 1-year high of $88.56. The company has a market cap of $10,458.63, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.14 and a beta of 0.25. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.67.

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

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

Several large investors have recently made changes to their positions in EXR. Nationwide Fund Advisors lifted its holdings in shares of Extra Space Storage by 160.7% in the 3rd quarter. Nationwide Fund Advisors now owns 108,351 shares of the real estate investment trust’s stock valued at $8,659,000 after acquiring an additional 66,791 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Extra Space Storage by 0.9% in the 3rd quarter. New York State Common Retirement Fund now owns 268,900 shares of the real estate investment trust’s stock valued at $21,490,000 after acquiring an additional 2,300 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Extra Space Storage by 8.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,385,835 shares of the real estate investment trust’s stock valued at $110,755,000 after acquiring an additional 111,581 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Extra Space Storage by 11.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,621 shares of the real estate investment trust’s stock valued at $449,000 after acquiring an additional 589 shares during the last quarter. Finally, Commonwealth Equity Services Inc bought a new position in shares of Extra Space Storage in the 3rd quarter valued at about $245,000.

Several research analysts recently weighed in on EXR shares. Morgan Stanley raised shares of Extra Space Storage from an “underweight” rating to an “equal weight” rating and set a $83.00 target price for the company in a report on Wednesday, December 13th. BMO Capital Markets set a $78.00 target price on shares of Extra Space Storage and gave the stock a “hold” rating in a report on Tuesday, February 20th. Cantor Fitzgerald set a $83.00 target price on shares of Extra Space Storage and gave the stock a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Monday, November 27th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $92.00 target price on shares of Extra Space Storage in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Extra Space Storage presently has an average rating of “Hold” and a consensus price target of $86.92.

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About Extra Space Storage

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.

Insider Buying and Selling by Quarter for Extra Space Storage (NYSE:EXR)

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