James Overturf Sells 880 Shares of Extra Space Storage, Inc. (NYSE:EXR) Stock

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Extra Space Storage, Inc. (NYSE:EXR) EVP James Overturf sold 880 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $111.78, for a total value of $98,366.40. Following the transaction, the executive vice president now directly owns 66,969 shares in the company, valued at $7,485,794.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, June 12th, James Overturf sold 880 shares of Extra Space Storage stock. The stock was sold at an average price of $108.87, for a total value of $95,805.60.
  • On Friday, May 24th, James Overturf sold 880 shares of Extra Space Storage stock. The stock was sold at an average price of $106.85, for a total value of $94,028.00.
  • On Monday, May 13th, James Overturf sold 4,562 shares of Extra Space Storage stock. The stock was sold at an average price of $106.81, for a total value of $487,267.22.

NYSE EXR opened at $111.09 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $14.19 billion, a PE ratio of 23.54, a PEG ratio of 4.73 and a beta of 0.23. Extra Space Storage, Inc. has a 1 year low of $83.70 and a 1 year high of $112.62. The business has a 50-day simple moving average of $108.41.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. Extra Space Storage had a return on equity of 16.56% and a net margin of 37.12%. The company had revenue of $271.00 million for the quarter, compared to analysts’ expectations of $266.01 million. During the same period last year, the firm earned $1.09 earnings per share. Extra Space Storage’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities analysts anticipate that Extra Space Storage, Inc. will post 4.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This is a positive change from Extra Space Storage’s previous quarterly dividend of $0.86. This represents a $3.60 annualized dividend and a yield of 3.24%. Extra Space Storage’s dividend payout ratio (DPR) is 77.09%.

Institutional investors and hedge funds have recently modified their holdings of the business. Exane Derivatives lifted its holdings in Extra Space Storage by 3,831.0% in the first quarter. Exane Derivatives now owns 1,651 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 1,609 shares during the period. NEXT Financial Group Inc purchased a new stake in Extra Space Storage in the second quarter worth about $169,000. Liberty Wealth Management LLC purchased a new stake in Extra Space Storage in the fourth quarter worth about $170,000. Marshall Wace North America L.P. purchased a new stake in Extra Space Storage in the first quarter worth about $173,000. Finally, Burney Co. purchased a new stake in Extra Space Storage in the first quarter worth about $202,000. Institutional investors and hedge funds own 99.90% of the company’s stock.

Several analysts recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and issued a $45.00 target price on shares of SAP in a research note on Wednesday, May 1st. Zacks Investment Research cut Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Evercore ISI cut Essex Property Trust from an “outperform” rating to an “in-line” rating in a research note on Monday, April 1st. Finally, Raymond James set a $28.00 target price on Wheaton Precious Metals and gave the stock a “buy” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Extra Space Storage has a consensus rating of “Hold” and a consensus target price of $97.65.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space.

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

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