Extra Space Storage (EXR) Getting Somewhat Positive Media Coverage, Accern Reports
Media headlines about Extra Space Storage (NYSE:EXR) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Extra Space Storage earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.6461382793682 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Earnings Review and Free Research Report: Extra Space Storage’s Adjusted FFO Soared 16%; Revenue Jumped 13% (finance.yahoo.com)
- Tale of the Ticker: Extra Space Storage Inc (EXR) Moves on Volume – Stock Press Daily (stockpressdaily.com)
- Barings LLC Significantly Increases Its Holdings in Extra Space Storage Inc (EXR) – First News 24 (firstnewspaper24.com)
- Tale of the Ticker: Extra Space Storage Inc (EXR), Valvoline Inc (VVV) Moving on Volume – Evergreen Caller (evergreencaller.com)
Extra Space Storage (NYSE EXR) traded down 0.95% during mid-day trading on Wednesday, reaching $75.87. 1,461,183 shares of the company traded hands. The stock has a market capitalization of $9.56 billion, a PE ratio of 25.93 and a beta of 0.34. The stock has a 50-day moving average of $77.38 and a 200 day moving average of $76.50. Extra Space Storage has a 52-week low of $68.09 and a 52-week high of $82.83.
Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $276 million for the quarter, compared to analysts’ expectations of $239.89 million. During the same quarter last year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts expect that Extra Space Storage will post $2.69 earnings per share for the current year.
A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) upgraded shares of Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 price target for the company in a report on Monday, May 15th. Cantor Fitzgerald restated a “neutral” rating and set a $77.00 price target on shares of Extra Space Storage in a report on Monday, May 22nd. Bank of America Corporation downgraded shares of Extra Space Storage from a “buy” rating to a “neutral” rating and cut their price target for the stock from $83.00 to $81.00 in a report on Thursday, July 20th. Finally, Citigroup Inc. restated a “neutral” rating on shares of Extra Space Storage in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $83.13.
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In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $77.27, for a total transaction of $100,451.00. Following the transaction, the executive vice president now owns 87,575 shares of the company’s stock, valued at approximately $6,766,920.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Spencer Kirk sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.75, for a total transaction of $1,515,000.00. Following the transaction, the director now directly owns 665,748 shares in the company, valued at approximately $50,430,411. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,600 shares of company stock worth $4,860,821. Corporate insiders own 3.72% of the company’s stock.
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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