Extra Space Storage, Inc. (NYSE:EXR) VP P Scott Stubbs sold 9,250 shares of Extra Space Storage stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $85.73, for a total value of $793,002.50. Following the completion of the transaction, the vice president now owns 144,973 shares in the company, valued at $12,428,535.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Extra Space Storage, Inc. (NYSE:EXR) opened at $85.98 on Friday. Extra Space Storage, Inc. has a one year low of $71.34 and a one year high of $88.56. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $10,836.75, a price-to-earnings ratio of 19.68, a P/E/G ratio of 3.26 and a beta of 0.25.

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Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.55. Extra Space Storage had a return on equity of 18.87% and a net margin of 44.67%. The firm had revenue of $281.84 million for the quarter, compared to the consensus estimate of $283.74 million. analysts predict that Extra Space Storage, Inc. will post 4.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a dividend of $0.78 per share. The ex-dividend date is Wednesday, March 14th. This represents a $3.12 annualized dividend and a yield of 3.63%. Extra Space Storage’s dividend payout ratio (DPR) is 82.98%.

A number of hedge funds have recently made changes to their positions in EXR. JPMorgan Chase & Co. grew its stake in Extra Space Storage by 65.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,178,691 shares of the real estate investment trust’s stock worth $172,290,000 after buying an additional 859,212 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Extra Space Storage by 59.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,209,113 shares of the real estate investment trust’s stock worth $193,186,000 after buying an additional 823,278 shares during the last quarter. APG Asset Management N.V. grew its stake in Extra Space Storage by 65.4% during the 4th quarter. APG Asset Management N.V. now owns 1,712,948 shares of the real estate investment trust’s stock worth $124,748,000 after buying an additional 677,392 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Extra Space Storage by 66.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 770,381 shares of the real estate investment trust’s stock worth $61,558,000 after buying an additional 306,650 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Extra Space Storage by 92.0% during the 4th quarter. American Century Companies Inc. now owns 562,732 shares of the real estate investment trust’s stock worth $49,211,000 after buying an additional 269,603 shares during the last quarter.

A number of research analysts have recently issued reports on the company. BMO Capital Markets set a $78.00 price target on Extra Space Storage and gave the company a “hold” rating in a report on Tuesday, February 20th. Wells Fargo set a $93.00 price target on Extra Space Storage and gave the company a “buy” rating in a report on Thursday, November 30th. Cantor Fitzgerald set a $86.00 price target on Extra Space Storage and gave the company a “hold” rating in a report on Thursday, March 8th. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Monday, November 27th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $92.00 price target on shares of Extra Space Storage in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $86.92.

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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.

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

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