Extra Space Storage Inc (EXR) Set to Announce Earnings on Tuesday
Extra Space Storage Inc (NYSE:EXR) is set to release its Q416 earnings data on Tuesday, February 21st. Analysts expect Extra Space Storage to post earnings of $0.55 per share and revenue of $227.40 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Shares of Extra Space Storage Inc (NYSE:EXR) opened at 74.87 on Friday. The stock’s 50 day moving average is $74.51 and its 200-day moving average is $76.14. Extra Space Storage Inc has a 52 week low of $68.09 and a 52 week high of $94.81. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 32.33 and a beta of 0.41.
A number of equities analysts recently weighed in on EXR shares. Zacks Investment Research upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Tuesday, November 22nd. BMO Capital Markets restated a “hold” rating and set a $80.00 target price on shares of Extra Space Storage in a research report on Wednesday, November 9th. Jefferies Group LLC lowered shares of Extra Space Storage from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research report on Tuesday, December 20th. RBC Capital Markets lowered shares of Extra Space Storage from an “outperform” rating to a “sector perform” rating and set a $79.00 target price for the company. in a research report on Tuesday, January 3rd. Finally, Morgan Stanley lowered shares of Extra Space Storage from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $88.36.
In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $74.45, for a total transaction of $96,785.00. Following the completion of the transaction, the executive vice president now owns 92,757 shares in the company, valued at $6,905,758.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Spencer Kirk sold 20,000 shares of the stock in a transaction on Monday, December 5th. The shares were sold at an average price of $69.43, for a total transaction of $1,388,600.00. Following the transaction, the chief executive officer now owns 589,430 shares of the company’s stock, valued at approximately $40,924,124.90. The disclosure for this sale can be found here. Insiders have sold 63,200 shares of company stock valued at $4,596,553 in the last quarter. 4.13% of the stock is owned by company insiders.
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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 operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company owns, operates, manages, acquires, develops and redevelops self-storage properties (stores).
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