Extra Space Storage Inc (NYSE:EXR) EVP James Overturf sold 1,300 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $86.26, for a total transaction of $112,138.00. Following the sale, the executive vice president now owns 81,075 shares of the company’s stock, valued at $6,993,529.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, November 14th, James Overturf sold 1,300 shares of Extra Space Storage stock. The stock was sold at an average price of $86.55, for a total transaction of $112,515.00.
  • On Thursday, October 19th, James Overturf sold 1,300 shares of Extra Space Storage stock. The stock was sold at an average price of $81.80, for a total transaction of $106,340.00.

Shares of Extra Space Storage Inc (EXR) opened at $86.12 on Friday. The firm has a market cap of $10,850.00, a P/E ratio of 31.66, a P/E/G ratio of 3.28 and a beta of 0.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.68. Extra Space Storage Inc has a 1 year low of $71.34 and a 1 year high of $88.56.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The company had revenue of $284.16 million during the quarter, compared to the consensus estimate of $246.85 million. Extra Space Storage had a net margin of 33.21% and a return on equity of 14.41%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. research analysts forecast that Extra Space Storage Inc will post 4.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Thursday, December 14th. Extra Space Storage’s dividend payout ratio (DPR) is currently 114.71%.

Extra Space Storage announced that its Board of Directors has authorized a stock buyback plan on Monday, November 13th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

EXR has been the subject of several recent research reports. Cantor Fitzgerald reiterated a “hold” rating and set a $77.00 target price on shares of Extra Space Storage in a report on Friday, September 1st. Evercore ISI reiterated an “in-line” rating and set a $80.00 target price (up from $78.00) on shares of Extra Space Storage in a report on Thursday, September 14th. BMO Capital Markets initiated coverage on shares of Extra Space Storage in a report on Monday, September 11th. They set a “market perform” rating and a $78.00 target price for the company. Zacks Investment Research upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Wednesday, October 11th. Finally, Royal Bank of Canada lifted their target price on shares of Extra Space Storage from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $86.42.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC bought a new stake in shares of Extra Space Storage during the third quarter valued at approximately $103,000. Penserra Capital Management LLC bought a new stake in shares of Extra Space Storage during the third quarter valued at approximately $131,000. Janney Montgomery Scott LLC bought a new stake in shares of Extra Space Storage during the third quarter valued at approximately $200,000. Federated Investors Inc. PA bought a new stake in shares of Extra Space Storage during the second quarter valued at approximately $218,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Extra Space Storage during the third quarter valued at approximately $237,000.

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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 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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