Extra Space Storage Inc (EXR) Director Spencer Kirk Sells 20,000 Shares
Extra Space Storage Inc (NYSE:EXR) Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $78.12, for a total transaction of $1,562,400.00. Following the completion of the transaction, the director now directly owns 665,748 shares in the company, valued at approximately $52,008,233.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Spencer Kirk also recently made the following trade(s):
- On Tuesday, August 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $79.09, for a total transaction of $1,581,800.00.
- On Monday, July 3rd, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $78.31, for a total transaction of $1,566,200.00.
Extra Space Storage Inc (NYSE:EXR) traded up 0.80% during mid-day trading on Tuesday, reaching $78.40. 893,412 shares of the company’s stock traded hands. The stock’s 50 day moving average is $77.54 and its 200-day moving average is $76.85. The stock has a market capitalization of $9.88 billion, a PE ratio of 26.79 and a beta of 0.35. Extra Space Storage Inc has a 52 week low of $68.09 and a 52 week high of $82.82.
Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The company had revenue of $276 million for the quarter, compared to analysts’ expectations of $239.89 million. During the same quarter last year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts anticipate that Extra Space Storage Inc will post $2.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.98%. Extra Space Storage’s payout ratio is currently 107.22%.
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Hedge funds have recently added to or reduced their stakes in the business. Atria Investments LLC acquired a new stake in Extra Space Storage during the second quarter worth approximately $213,000. Janney Montgomery Scott LLC acquired a new stake in Extra Space Storage during the first quarter worth approximately $204,000. Federated Investors Inc. PA acquired a new stake in Extra Space Storage during the second quarter worth approximately $218,000. Pacer Advisors Inc. raised its holdings in Extra Space Storage by 3.2% during the first quarter. Pacer Advisors Inc. now owns 2,810 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 88 shares in the last quarter. Finally, Global X Management Co. LLC raised its holdings in Extra Space Storage by 42.4% during the first quarter. Global X Management Co. LLC now owns 2,830 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 842 shares in the last quarter.
A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Extra Space Storage in a research report on Friday. KeyCorp reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Extra Space Storage in a research report on Friday, August 25th. BidaskClub downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Bank of America Corporation downgraded shares of Extra Space Storage from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $83.00 to $81.00 in a research report on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 price objective on the stock in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Extra Space Storage has an average rating of “Hold” and a consensus target price of $82.25.
Extra Space Storage Company Profile
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.
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