Extra Space Storage (EXR) Set to Announce Earnings on Tuesday

Extra Space Storage (NYSE:EXR) will be releasing its earnings data after the market closes on Tuesday, February 20th. Analysts expect Extra Space Storage to post earnings of $0.73 per share for the quarter.

Shares of Extra Space Storage (NYSE:EXR) opened at $80.80 on Tuesday. Extra Space Storage has a 1-year low of $71.34 and a 1-year high of $88.56. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $10,180.00, a P/E ratio of 29.71, a P/E/G ratio of 3.31 and a beta of 0.26.

Extra Space Storage announced that its board has authorized a stock buyback plan on Monday, November 13th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Several research firms recently weighed in on EXR. Zacks Investment Research downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Robert W. Baird reiterated a “buy” rating and issued a $92.00 target price on shares of Extra Space Storage in a report on Wednesday, November 29th. Cantor Fitzgerald lifted their target price on shares of Extra Space Storage from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, November 9th. Royal Bank of Canada boosted their price target on shares of Extra Space Storage from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 14th. Finally, Wells Fargo & Co set a $93.00 price target on shares of Extra Space Storage and gave the stock a “buy” rating in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $86.42.

In other news, Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction on Friday, December 1st. The shares were sold at an average price of $85.24, for a total transaction of $1,704,800.00. Following the completion of the sale, the director now directly owns 578,748 shares of the company’s stock, valued at approximately $49,332,479.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Grace Kunde sold 350 shares of Extra Space Storage stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $87.65, for a total transaction of $30,677.50. Following the sale, the senior vice president now directly owns 11,209 shares of the company’s stock, valued at $982,468.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,530 shares of company stock valued at $1,920,550. Corporate insiders own 3.72% of the company’s stock.

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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.

Earnings History for Extra Space Storage (NYSE:EXR)

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