Extra Space Storage Inc. (NYSE:EXR) CEO Spencer Kirk sold 20,000 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $78.26, for a total transaction of $1,565,200.00. Following the transaction, the chief executive officer now owns 734,430 shares of the company’s stock, valued at $57,476,491.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Spencer Kirk also recently made the following trade(s):
- On Thursday, September 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $80.66, for a total transaction of $1,613,200.00.
- On Monday, August 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $86.42, for a total transaction of $1,728,400.00.
Extra Space Storage Inc. (NYSE:EXR) opened at 74.13 on Thursday. Extra Space Storage Inc. has a 12-month low of $73.96 and a 12-month high of $94.81. The company has a market capitalization of $9.32 billion, a PE ratio of 37.67 and a beta of 0.64. The firm has a 50-day moving average of $79.76 and a 200 day moving average of $87.32.
Extra Space Storage (NYSE:EXR) last released its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.01. The firm had revenue of $244.30 million for the quarter, compared to analysts’ expectations of $213.32 million. Extra Space Storage had a net margin of 27.43% and a return on equity of 13.27%. The company’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. Analysts forecast that Extra Space Storage Inc. will post $3.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Tuesday, September 13th. Extra Space Storage’s payout ratio is 158.38%.
A number of research firms have recently commented on EXR. KeyCorp reduced their price objective on shares of Extra Space Storage from $98.00 to $89.00 and set an “overweight” rating for the company in a research note on Monday, September 12th. Cantor Fitzgerald reiterated a “hold” rating on shares of Extra Space Storage in a research note on Friday, August 26th. Raymond James Financial Inc. downgraded shares of Extra Space Storage from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $95.00 to $106.00 in a research note on Friday, August 12th. Jefferies Group cut their target price on shares of Extra Space Storage from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Finally, Zacks Investment Research downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Extra Space Storage presently has an average rating of “Hold” and an average price target of $92.96.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXR. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Extra Space Storage during the second quarter worth $468,000. Kentucky Retirement Systems bought a new position in Extra Space Storage during the second quarter worth $985,000. Mason Street Advisors LLC bought a new position in Extra Space Storage during the second quarter worth $1,561,000. Tobam boosted its position in Extra Space Storage by 169.9% in the second quarter. Tobam now owns 53,811 shares of the real estate investment trust’s stock worth $4,980,000 after buying an additional 33,872 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Extra Space Storage by 265.1% in the second quarter. Royal Bank of Canada now owns 116,793 shares of the real estate investment trust’s stock worth $10,808,000 after buying an additional 84,805 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.
Extra Space Storage Company Profile
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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