Extra Space Storage, Inc. (NYSE:EXR) COO Samrat Sondhi sold 4,480 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $106.99, for a total value of $479,315.20. Following the sale, the chief operating officer now owns 76,879 shares of the company’s stock, valued at approximately $8,225,284.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE EXR traded down $0.10 on Wednesday, reaching $106.53. The company had a trading volume of 688,700 shares, compared to its average volume of 868,037. The company has a market capitalization of $13.72 billion, a PE ratio of 22.81, a P/E/G ratio of 4.76 and a beta of 0.30. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.80. Extra Space Storage, Inc. has a 52 week low of $83.70 and a 52 week high of $108.20.
Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. The business had revenue of $271.00 million during the quarter, compared to the consensus estimate of $266.01 million. Extra Space Storage had a return on equity of 16.56% and a net margin of 37.12%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, sell-side analysts predict that Extra Space Storage, Inc. will post 4.79 earnings per share for the current fiscal year.
EXR has been the subject of a number of recent research reports. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Wednesday, January 16th. ValuEngine downgraded Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Raymond James downgraded Extra Space Storage from an “outperform” rating to a “market perform” rating and set a $99.27 target price for the company. in a research report on Thursday, March 21st. Finally, Evercore ISI downgraded Extra Space Storage from an “in-line” rating to an “underperform” rating in a research report on Monday, April 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $97.93.
About Extra Space Storage
Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space.
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