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Shares of Extra Space Storage (NYSE:EXR) hit a new 52-week high during mid-day trading on Tuesday , AmericanBankingNews.com reports. The stock traded as high as $54.49 and last traded at $54.45, with a volume of 185,547 shares changing hands. The stock had previously closed at $54.35.

A number of analysts have recently weighed in on EXR shares. Analysts at RBC Capital raised their price target on shares of Extra Space Storage from $54.00 to $58.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at ISI Group raised their price target on shares of Extra Space Storage from $54.00 to $57.00 in a research note on Thursday, July 31st. Finally, analysts at Jefferies Group raised their price target on shares of Extra Space Storage from $53.00 to $57.00 in a research note on Tuesday, July 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $53.39.

The stock has a 50-day moving average of $53.0 and a 200-day moving average of $50.79. The company has a market cap of $6.315 billion and a price-to-earnings ratio of 33.74.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $160.20 million for the quarter, compared to the consensus estimate of $153.02 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. Analysts expect that Extra Space Storage will post $2.49 EPS for the current fiscal year.

In other Extra Space Storage news, CMO James Overturf sold 1,975 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $52.17, for a total transaction of $103,035.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (NYSE:EXR).

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