Extra Space Storage Inc (EXR) Director Spencer Kirk Sells 20,000 Shares
Extra Space Storage Inc (NYSE:EXR) Director Spencer Kirk sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $79.64, for a total value of $1,592,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Spencer Kirk also recently made the following trade(s):
- On Friday, September 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $78.12, for a total value of $1,562,400.00.
- On Tuesday, August 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $79.09, for a total value of $1,581,800.00.
Shares of Extra Space Storage Inc (NYSE:EXR) traded up 0.73% during midday trading on Wednesday, reaching $79.60. The company’s stock had a trading volume of 861,673 shares. The stock has a 50 day moving average of $78.29 and a 200-day moving average of $77.11. The company has a market capitalization of $10.03 billion, a P/E ratio of 27.20 and a beta of 0.36. Extra Space Storage Inc has a 1-year low of $68.09 and a 1-year high of $83.23.
Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 EPS for the quarter, topping the consensus estimate of $1.05 by $0.04. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The firm had revenue of $276.00 million during the quarter, compared to analysts’ expectations of $239.89 million. During the same quarter in the prior year, the firm earned $0.94 EPS. Extra Space Storage’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts anticipate that Extra Space Storage Inc will post $2.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, September 14th. Extra Space Storage’s dividend payout ratio (DPR) is presently 107.22%.
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A number of research firms recently issued reports on EXR. BMO Capital Markets began coverage on Extra Space Storage in a report on Monday, September 11th. They set a “market perform” rating and a $78.00 price target on the stock. Bank of America Corporation lowered Extra Space Storage from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $83.00 to $81.00 in a report on Thursday, July 20th. BidaskClub raised Extra Space Storage from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Evercore ISI reaffirmed an “in-line” rating and issued a $80.00 price objective (up previously from $78.00) on shares of Extra Space Storage in a report on Thursday, September 14th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Extra Space Storage in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $81.78.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Extra Space Storage by 0.8% in the second quarter. Vanguard Group Inc. now owns 21,666,355 shares of the real estate investment trust’s stock valued at $1,689,976,000 after acquiring an additional 171,897 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Extra Space Storage by 3.0% in the second quarter. BlackRock Inc. now owns 12,091,401 shares of the real estate investment trust’s stock valued at $943,130,000 after acquiring an additional 348,554 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Extra Space Storage by 56.2% in the second quarter. Capital Research Global Investors now owns 5,161,305 shares of the real estate investment trust’s stock valued at $402,582,000 after acquiring an additional 1,857,594 shares in the last quarter. Cbre Clarion Securities LLC bought a new position in shares of Extra Space Storage in the second quarter valued at approximately $304,239,000. Finally, Northern Trust Corp boosted its holdings in shares of Extra Space Storage by 3.9% in the second quarter. Northern Trust Corp now owns 1,919,978 shares of the real estate investment trust’s stock valued at $149,759,000 after acquiring an additional 71,326 shares in the last quarter.
Extra Space Storage Company Profile
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.
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