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

Several research analysts have weighed in on EXR shares. Evercore ISI upped their price objective on shares of Extra Space Storage to $88.00 in a report on Monday, March 21st. Zacks Investment Research upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Tuesday, July 5th. Jefferies Group increased their target price on shares of Extra Space Storage from $105.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, May 31st. BMO Capital Markets reiterated a “buy” rating on shares of Extra Space Storage in a report on Tuesday, May 17th. Finally, Cantor Fitzgerald reiterated a “hold” rating on shares of Extra Space Storage in a report on Sunday, May 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $87.44.

The stock has a 50 day moving average price of $90.79 and a 200 day moving average price of $88.98. The stock has a market cap of $11.61 billion and a PE ratio of 52.32.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. The company earned $229.40 million during the quarter, compared to analysts’ expectations of $204.78 million. During the same period in the prior year, the firm earned $0.69 EPS. Extra Space Storage’s revenue for the quarter was up 32.4% compared to the same quarter last year. On average, analysts predict that Extra Space Storage Inc. will post $3.74 EPS for the current year.

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

In other news, SVP Grace Kunde sold 1,700 shares of Extra Space Storage stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $89.47, for a total value of $152,099.00. Following the completion of the transaction, the senior vice president now owns 7,008 shares of the company’s stock, valued at approximately $627,005.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $91.59, for a total value of $1,831,800.00. Following the completion of the transaction, the chief executive officer now directly owns 734,430 shares of the company’s stock, valued at approximately $67,266,443.70. The disclosure for this sale can be found here.

Other institutional investors recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in 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 worth $1,684,000 after buying an additional 4,400 shares during the period. Ashford Investment Management LLC acquired a new position in shares of Extra Space Storage during the fourth quarter worth $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 worth $2,747,000 after buying an additional 2,040 shares during the period. 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 worth $3,154,000 after buying an additional 2,940 shares during the period.

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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