Extra Space Storage Receives “Buy” Rating from SunTrust (EXR)
Extra Space Storage (NYSE:EXR)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust in a research note issued to investors on Thursday. They currently have a $61.00 target price on the stock, up from their previous target price of $58.00. SunTrust’s price target would suggest a potential upside of 15.66% from the company’s current price.
A number of other analysts have also recently weighed in on EXR. 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, August 15th. 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $54.15.
Shares of Extra Space Storage (NYSE:EXR) traded up 0.09% on Thursday, hitting $52.79. The stock had a trading volume of 95,530 shares. Extra Space Storage has a 1-year low of $39.98 and a 1-year high of $54.87. The stock has a 50-day moving average of $53.14 and a 200-day moving average of $51.16. The company has a market cap of $6.125 billion and a P/E ratio of 32.74.
Extra Space Storage (NYSE:EXR) last released its earnings data 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 last year, the company posted $0.50 earnings per share. Extra Space Storage’s revenue was up 26.9% compared to the same quarter last year. Analysts expect that Extra Space Storage will post $2.49 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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