Extra Space Storage Inc. Hits New 52-Week High at $47.57 (EXR)
Shares of Extra Space Storage (NYSE:EXR) hit a new 52-week high during trading on Friday, AnalystRatingsNetwork.com reports. The stock traded as high as $47.57 and last traded at $47.55, with a volume of 341,569 shares trading hands. The stock had previously closed at $46.90.
A number of analysts have recently weighed in on EXR shares. Analysts at Jefferies Group raised their price target on shares of Extra Space Storage from $49.00 to $52.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Extra Space Storage from a “conviction-buy” rating to a “buy” rating in a research note to investors on Tuesday, September 17th. Finally, analysts at Macquarie initiated coverage on shares of Extra Space Storage in a research note to investors on Tuesday, September 10th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Extra Space Storage has a consensus rating of “Buy” and an average price target of $41.58.
Extra Space Storage has a one year low of $32.70 and a one year high of $47.48. The stock’s 50-day moving average is $44.21 and its 200-day moving average is $42.90. The company has a market cap of $5.312 billion and a price-to-earnings ratio of 36.24.
Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.01. The company had revenue of $126.20 million for the quarter, compared to the consensus estimate of $123.77 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Analysts expect that Extra Space Storage will post $2.00 EPS for the current fiscal year.
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (NYSE:EXR).
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