Wells Fargo & Co Raises Extra Space Storage (NYSE:EXR) Price Target to $130.00

Share on StockTwits

Extra Space Storage (NYSE:EXR) had its price target hoisted by Wells Fargo & Co from $114.00 to $130.00 in a research report released on Thursday, BenzingaRatingsTable reports. Wells Fargo & Co currently has an outperform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently commented on the stock. Stifel Nicolaus began coverage on shares of Extra Space Storage in a report on Monday, August 19th. They set a buy rating and a $131.00 price objective for the company. BMO Capital Markets reaffirmed a hold rating and set a $94.00 price objective on shares of Extra Space Storage in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Extra Space Storage currently has a consensus rating of Hold and an average price target of $111.04.

NYSE:EXR opened at $121.00 on Thursday. The company has a 50-day moving average of $114.02 and a 200-day moving average of $105.56. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 5.39 and a beta of 0.22. Extra Space Storage has a 52 week low of $83.70 and a 52 week high of $123.16. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.48.

In related news, EVP James Overturf sold 880 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $108.87, for a total transaction of $95,805.60. Following the completion of the sale, the executive vice president now owns 67,849 shares in the company, valued at approximately $7,386,720.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Spencer Kirk sold 248,103 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $121.33, for a total transaction of $30,102,336.99. Following the sale, the director now owns 153,069 shares of the company’s stock, valued at approximately $18,571,861.77. The disclosure for this sale can be found here. Insiders have sold a total of 255,466 shares of company stock valued at $30,933,783 in the last quarter. 3.29% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Treasurer of the State of North Carolina boosted its stake in shares of Extra Space Storage by 2.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 90,053 shares of the real estate investment trust’s stock valued at $9,555,000 after purchasing an additional 2,210 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Extra Space Storage by 6.1% in the 2nd quarter. BlackRock Inc. now owns 14,115,936 shares of the real estate investment trust’s stock valued at $1,497,702,000 after purchasing an additional 813,228 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of Extra Space Storage in the 2nd quarter valued at about $832,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Extra Space Storage by 90.0% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 701 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 332 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Extra Space Storage by 16.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,370 shares of the real estate investment trust’s stock valued at $1,525,000 after purchasing an additional 1,991 shares during the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

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.

Further Reading: What are the advantages of the Stochastic Momentum Index?

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

Beacon Pointe Advisors LLC Buys New Stake in iShares Dow Jones US Health Care
Beacon Pointe Advisors LLC Buys New Stake in iShares Dow Jones US Health Care
Westamerica Bancorporation  Upgraded at BidaskClub
Westamerica Bancorporation Upgraded at BidaskClub
WhiteHorse Finance  Raised to “Buy” at BidaskClub
WhiteHorse Finance Raised to “Buy” at BidaskClub
United Therapeutics  Upgraded to “Hold” by BidaskClub
United Therapeutics Upgraded to “Hold” by BidaskClub
TrustCo Bank Corp NY  Stock Rating Upgraded by BidaskClub
TrustCo Bank Corp NY Stock Rating Upgraded by BidaskClub
Umpqua  Rating Increased to Sell at BidaskClub
Umpqua Rating Increased to Sell at BidaskClub


© 2006-2019 Ticker Report