Extra Space Storage Inc (NYSE:EXR) EVP James Overturf sold 1,300 shares of Extra Space Storage stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $81.80, for a total value of $106,340.00. Following the completion of the sale, the executive vice president now directly owns 83,675 shares of the company’s stock, valued at approximately $6,844,615. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Friday, September 15th, James Overturf sold 1,300 shares of Extra Space Storage stock. The stock was sold at an average price of $78.49, for a total value of $102,037.00.
  • On Tuesday, August 22nd, James Overturf sold 1,300 shares of Extra Space Storage stock. The stock was sold at an average price of $75.50, for a total value of $98,150.00.

Extra Space Storage Inc (NYSE EXR) traded up 0.09% during trading on Friday, reaching $81.77. The company had a trading volume of 980,155 shares. Extra Space Storage Inc has a 52 week low of $68.09 and a 52 week high of $83.23. The firm has a market capitalization of $10.30 billion, a P/E ratio of 27.95 and a beta of 0.36. The stock has a 50 day moving average price of $79.93 and a 200 day moving average price of $77.66.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. Extra Space Storage had a return on equity of 15.20% and a net margin of 36.35%. The firm had revenue of $276.00 million for the quarter, compared to the consensus estimate of $239.89 million. During the same period in the prior year, the firm earned $0.94 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. Analysts predict that Extra Space Storage Inc will post $2.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.82%. The ex-dividend date was Thursday, September 14th. Extra Space Storage’s dividend payout ratio is currently 107.22%.

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EXR has been the subject of several research analyst reports. Zacks Investment Research raised Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, October 11th. BidaskClub raised Extra Space Storage from a “hold” rating to a “buy” rating in a report on Monday, July 24th. KeyCorp reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Extra Space Storage in a report on Friday, August 25th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Extra Space Storage in a report on Friday, September 1st. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $80.00 price objective (up previously from $78.00) on shares of Extra Space Storage in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $82.56.

A number of institutional investors and hedge funds have recently made changes to their positions in EXR. Cbre Clarion Securities LLC acquired a new stake in Extra Space Storage during the 2nd quarter worth about $304,239,000. Capital Research Global Investors grew its position in Extra Space Storage by 56.2% during the 2nd quarter. Capital Research Global Investors now owns 5,161,305 shares of the real estate investment trust’s stock worth $402,582,000 after purchasing an additional 1,857,594 shares during the period. JPMorgan Chase & Co. grew its position in Extra Space Storage by 161.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,319,479 shares of the real estate investment trust’s stock worth $102,921,000 after purchasing an additional 815,051 shares during the period. BlackRock Inc. grew its position in Extra Space Storage by 3.0% during the 2nd quarter. BlackRock Inc. now owns 12,091,401 shares of the real estate investment trust’s stock worth $943,130,000 after purchasing an additional 348,554 shares during the period. Finally, American Century Companies Inc. grew its position in Extra Space Storage by 112.6% during the 2nd quarter. American Century Companies Inc. now owns 632,684 shares of the real estate investment trust’s stock worth $49,349,000 after purchasing an additional 335,139 shares during the period.

About Extra Space Storage

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

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

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