Extra Space Storage (EXR) Earning Somewhat Positive Media Coverage, Report Finds
News articles about Extra Space Storage (NYSE:EXR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Extra Space Storage earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.940152135788 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Stock On Stage To Be Known For EPS Growth For Next 5 Years: Extra Space Storage Inc. (EXR) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Do Investors Want To Take Risk on This Stock – Extra Space Storage Inc., (NYSE: EXR) – Stock Watch (stocksnewstimes.com)
- Extra Space Storage Is The Stock Every Portfolio Needs – Seeking Alpha (seekingalpha.com)
- Outline of Different Gauges: Quest Diagnostics Incorporated (DGX), Extra Space Storage Inc. (EXR) – Market Movers (financialqz.com)
- Extra Space Storage, Inc. (EXR) Forecasted to Post FY2019 Earnings of $4.76 Per Share (americanbankingnews.com)
Shares of Extra Space Storage (NYSE EXR) traded down $0.22 during mid-day trading on Friday, hitting $81.84. 1,204,146 shares of the company traded hands, compared to its average volume of 1,050,000. The company has a market cap of $10,310.00, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 3.44 and a beta of 0.26. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.68. Extra Space Storage has a 1-year low of $71.34 and a 1-year high of $88.56.
Extra Space Storage announced that its Board of Directors has approved a stock repurchase program on Monday, November 13th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
EXR has been the topic of several recent research reports. BMO Capital Markets reiterated a “hold” rating and issued a $78.00 price target on shares of Extra Space Storage in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 11th. Royal Bank of Canada lifted their price target on shares of Extra Space Storage from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 14th. Cantor Fitzgerald lifted their price target on shares of Extra Space Storage from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Finally, KeyCorp reiterated a “hold” rating on shares of Extra Space Storage in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $86.42.
In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $86.55, for a total value of $112,515.00. Following the completion of the sale, the executive vice president now owns 82,375 shares of the company’s stock, valued at approximately $7,129,556.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Grace Kunde sold 350 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $87.65, for a total transaction of $30,677.50. Following the completion of the sale, the senior vice president now directly owns 11,209 shares of the company’s stock, valued at approximately $982,468.85. The disclosure for this sale can be found here. Insiders have sold a total of 23,830 shares of company stock valued at $2,033,065 in the last ninety days. 3.72% of the stock is currently owned by insiders.
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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.
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