Extra Space Storage Inc (NYSE:EXR) Director Spencer Kirk sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $81.38, for a total value of $1,627,600.00. Following the sale, the director now owns 665,748 shares of the company’s stock, valued at $54,178,572.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Spencer Kirk also recently made the following trade(s):

  • On Monday, October 2nd, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $79.64, for a total value of $1,592,800.00.
  • 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.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. Extra Space Storage had a return on equity of 15.20% and a net margin of 36.35%. The company had revenue of $284.16 million during the quarter, compared to the consensus estimate of $246.85 million. During the same period in the prior year, the company earned $1.02 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year.

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Institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC bought a new stake in shares of Extra Space Storage in the third quarter worth about $131,000. Atria Investments LLC bought a new stake in shares of Extra Space Storage in the second quarter worth about $213,000. Achmea Investment Management B.V. bought a new stake in shares of Extra Space Storage in the first quarter worth about $216,000. Federated Investors Inc. PA bought a new stake in shares of Extra Space Storage in the second quarter worth about $218,000. Finally, Donaldson Capital Management LLC bought a new stake in shares of Extra Space Storage in the second quarter worth about $231,000.

EXR has been the subject of a number of research reports. BMO Capital Markets restated a “hold” rating and set a $78.00 price objective on shares of Extra Space Storage in a research report on Thursday. Cantor Fitzgerald restated a “hold” rating and set a $77.00 price objective on shares of Extra Space Storage in a research report on Wednesday. Jefferies Group LLC restated a “hold” rating and set a $80.00 price objective on shares of Extra Space Storage in a research report on Tuesday, October 24th. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Evercore ISI restated an “in-line” rating and set a $80.00 price objective (up from $78.00) on shares of Extra Space Storage in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $82.56.

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.

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

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