Extra Space Storage Inc. (NYSE:EXR) shares were down 1.8% on Friday . The company traded as low as $92.28 and last traded at $92.42, with a volume of 424,960 shares changing hands. The stock had previously closed at $94.11.

A number of research analysts recently weighed in on EXR shares. Zacks Investment Research downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Monday, March 28th. Evercore ISI increased their price objective on shares of Extra Space Storage to $88.00 in a research report on Monday, March 21st. BMO Capital Markets restated a “buy” rating on shares of Extra Space Storage in a research report on Tuesday, May 17th. Jefferies Group restated a “buy” rating on shares of Extra Space Storage in a research report on Wednesday, July 6th. Finally, DA Davidson started coverage on shares of Extra Space Storage in a research report on Friday, June 24th. They set a “neutral” rating and a $95.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.44.

The firm’s 50-day moving average is $90.79 and its 200-day moving average is $88.96. The company has a market capitalization of $11.61 billion and a P/E ratio of 52.32.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Monday, May 2nd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.01. During the same period last year, the business earned $0.69 EPS. The firm earned $229.40 million during the quarter, compared to analyst estimates of $204.78 million. The firm’s revenue was up 32.4% compared to the same quarter last year. Equities analysts predict that Extra Space Storage Inc. will post $3.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, June 13th. This is a boost from Extra Space Storage’s previous quarterly dividend of $0.59. This represents a $3.12 annualized dividend and a yield of 3.37%.

In other Extra Space Storage news, CEO Spencer Kirk sold 20,000 shares of the stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $86.06, for a total value of $1,721,200.00. Following the transaction, the chief executive officer now directly owns 734,430 shares in the company, valued at $63,205,045.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO P Scott Stubbs sold 6,250 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $93.31, for a total transaction of $583,187.50. Following the completion of the transaction, the chief financial officer now owns 136,105 shares in the company, valued at $12,699,957.55. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its position in shares of Extra Space Storage by 1.1% in the fourth quarter. Ameritas Investment Partners Inc. now owns 18,633 shares of the real estate investment trust’s stock valued at $1,644,000 after buying an additional 211 shares in the last quarter. Quantitative Investment Management LLC raised its position in shares of Extra Space Storage by 29.9% in the fourth quarter. Quantitative Investment Management LLC now owns 19,100 shares of the real estate investment trust’s stock valued at $1,684,000 after buying an additional 4,400 shares in the last quarter. Ashford Investment Management LLC bought a new position in shares of Extra Space Storage during the fourth quarter valued at approximately $2,435,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Extra Space Storage by 7.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 31,138 shares of the real estate investment trust’s stock valued at $2,747,000 after buying an additional 2,040 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Extra Space Storage by 9.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 35,760 shares of the real estate investment trust’s stock valued at $3,154,000 after buying an additional 2,940 shares in the last quarter.

Extra Space Storage Inc is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops professionally managed self-storage properties (stores). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.

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