Extra Space Storage, Inc. (NYSE:EXR) EVP James Overturf sold 880 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $108.87, for a total value of $95,805.60. Following the transaction, the executive vice president now directly owns 67,849 shares in the company, valued at approximately $7,386,720.63. The transaction was disclosed in a filing with the SEC, which is available at this link.

James Overturf also recently made the following trade(s):

  • On Friday, May 24th, James Overturf sold 880 shares of Extra Space Storage stock. The stock was sold at an average price of $106.85, for a total value of $94,028.00.
  • On Monday, May 13th, James Overturf sold 4,562 shares of Extra Space Storage stock. The stock was sold at an average price of $106.81, for a total value of $487,267.22.
  • On Tuesday, April 16th, James Overturf sold 880 shares of Extra Space Storage stock. The shares were sold at an average price of $100.84, for a total value of $88,739.20.
  • On Thursday, March 21st, James Overturf sold 880 shares of Extra Space Storage stock. The shares were sold at an average price of $99.64, for a total value of $87,683.20.

NYSE:EXR traded up $0.02 during mid-day trading on Friday, reaching $108.07. 40,695 shares of the stock were exchanged, compared to its average volume of 754,672. The company has a market capitalization of $13.87 billion, a PE ratio of 23.14, a P/E/G ratio of 4.66 and a beta of 0.26. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.80. Extra Space Storage, Inc. has a 1 year low of $83.70 and a 1 year high of $110.79.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.02. Extra Space Storage had a return on equity of 16.56% and a net margin of 37.12%. The company had revenue of $271.00 million for the quarter, compared to the consensus estimate of $266.01 million. During the same period last year, the business posted $1.09 EPS. The company’s revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Extra Space Storage, Inc. will post 4.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.90 dividend. This is an increase from Extra Space Storage’s previous quarterly dividend of $0.86. This represents a $3.60 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, June 13th. Extra Space Storage’s dividend payout ratio (DPR) is 73.66%.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $94.00 price target on shares of Extra Space Storage in a research report on Wednesday, May 1st. Raymond James lowered Extra Space Storage from an “outperform” rating to a “market perform” rating and set a $99.27 price target on the stock. in a research report on Thursday, March 21st. ValuEngine lowered Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Evercore ISI lowered 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 investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Extra Space Storage presently has a consensus rating of “Hold” and a consensus target price of $97.93.

Hedge funds have recently made changes to their positions in the business. Rehmann Capital Advisory Group grew its stake in shares of Extra Space Storage by 22.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 566 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 104 shares during the last quarter. Assetmark Inc. boosted its holdings in Extra Space Storage by 11.2% in the first quarter. Assetmark Inc. now owns 1,593 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 161 shares during the last quarter. Exane Derivatives raised its stake in Extra Space Storage by 3,831.0% during the first quarter. Exane Derivatives now owns 1,651 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 1,609 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of Extra Space Storage during the 4th quarter worth approximately $170,000. Finally, Marshall Wace North America L.P. bought a new position in Extra Space Storage in the 1st quarter worth approximately $173,000. Institutional investors own 99.91% of the company’s stock.

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Extra Space Storage Company Profile

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

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