Extra Space Storage, Inc. (EXR) EVP James Overturf Sells 1,300 Shares

Extra Space Storage, Inc. (NYSE:EXR) EVP James Overturf sold 1,300 shares of Extra Space Storage stock in a transaction on Friday, March 17th. The stock was sold at an average price of $75.21, for a total transaction of $97,773.00. Following the transaction, the executive vice president now directly owns 92,775 shares in the company, valued at $6,977,607.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, February 7th, James Overturf sold 600 shares of Extra Space Storage stock. The stock was sold at an average price of $73.73, for a total transaction of $44,238.00.
  • On Wednesday, February 8th, James Overturf sold 1,300 shares of Extra Space Storage stock. The stock was sold at an average price of $74.10, for a total transaction of $96,330.00.
  • On Thursday, January 12th, James Overturf sold 1,300 shares of Extra Space Storage stock. The stock was sold at an average price of $74.45, for a total transaction of $96,785.00.

Shares of Extra Space Storage, Inc. (NYSE:EXR) traded up 0.09% during trading on Monday, hitting $75.43. 370,405 shares of the company were exchanged. Extra Space Storage, Inc. has a 1-year low of $68.09 and a 1-year high of $94.81. The stock has a market capitalization of $9.47 billion, a PE ratio of 25.95 and a beta of 0.41. The company has a 50 day moving average of $75.78 and a 200-day moving average of $75.37.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, February 21st. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.48. The business earned $229 million during the quarter, compared to the consensus estimate of $227.18 million. Extra Space Storage had a return on equity of 14.98% and a net margin of 30.57%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. On average, analysts forecast that Extra Space Storage, Inc. will post $2.64 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.78 dividend. The ex-dividend date is Monday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 4.14%. Extra Space Storage’s dividend payout ratio (DPR) is 134.48%.

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A number of research firms have issued reports on EXR. Evercore ISI downgraded shares of Extra Space Storage from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Extra Space Storage in a report on Wednesday, February 22nd. Zacks Investment Research raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. Royal Bank of Canada downgraded shares of Extra Space Storage from an “outperform” rating to a “sector perform” rating and set a $79.00 price objective on the stock. in a report on Tuesday, January 3rd. Finally, Morgan Stanley downgraded shares of Extra Space Storage from an “equal weight” rating to an “underweight” rating in a report on Monday, December 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $87.60.

A number of institutional investors have recently bought and sold shares of EXR. Shinko Asset Management Co. Ltd. increased its position in Extra Space Storage by 169.3% in the third quarter. Shinko Asset Management Co. Ltd. now owns 2,834,168 shares of the real estate investment trust’s stock worth $225,061,000 after buying an additional 1,781,763 shares during the period. Security Capital Research & Management Inc. purchased a new position in Extra Space Storage during the third quarter worth about $84,210,000. Standard Life Investments LTD increased its position in Extra Space Storage by 1,302.0% in the third quarter. Standard Life Investments LTD now owns 852,132 shares of the real estate investment trust’s stock worth $67,672,000 after buying an additional 791,352 shares during the period. Norges Bank purchased a new position in Extra Space Storage during the fourth quarter worth about $55,141,000. Finally, FMR LLC increased its position in Extra Space Storage by 5.2% in the fourth quarter. FMR LLC now owns 14,309,328 shares of the real estate investment trust’s stock worth $1,105,253,000 after buying an additional 713,606 shares during the period. Institutional investors and hedge funds own 99.92% of the company’s stock.

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.

5 Day Chart for NYSE:EXR

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