The stock of Extra Space Storage, Inc. (NYSE:EXR) is a huge mover today! Extra Space Storage, Inc. (NYSE:EXR) has declined 12.61% since March 3, 2016 and is downtrending. It has underperformed by 20.96% the S&P500.
The move comes after 9 months positive chart setup for the $9.44B company. It was reported on Oct, 6 by Barchart.com. We have $114.78 PT which if reached, will make NYSE:EXR worth $5.10 billion more.
Analysts await Extra Space Storage, Inc. (NYSE:EXR) to report earnings on October, 26. They expect $0.99 EPS, up 22.22% or $0.18 from last year’s $0.81 per share. EXR’s profit will be $125.39M for 18.82 P/E if the $0.99 EPS becomes a reality. After $0.94 actual EPS reported by Extra Space Storage, Inc. for the previous quarter, Wall Street now forecasts 5.32% EPS growth.
Extra Space Storage, Inc. (NYSE:EXR) Ratings Coverage
Out of 12 analysts covering Extra Space Storage Inc. (NYSE:EXR), 7 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 58% are positive. Extra Space Storage Inc. has been the topic of 22 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Outperform” on Friday, August 12. Jefferies maintained Extra Space Storage, Inc. (NYSE:EXR) rating on Wednesday, August 10. Jefferies has “Buy” rating and $105 price target. The stock has “Buy” rating given by Jefferies on Tuesday, May 31. On Tuesday, September 8 the stock rating was maintained by Evercore with “Hold”. As per Friday, August 28, the company rating was downgraded by Zacks. The company was upgraded on Friday, November 13 by Raymond James. The stock of Extra Space Storage, Inc. (NYSE:EXR) earned “Buy” rating by Zacks on Wednesday, August 26. BB&T Capital initiated Extra Space Storage, Inc. (NYSE:EXR) rating on Wednesday, November 11. BB&T Capital has “Underweight” rating and $74.50 price target. The stock has “Neutral” rating given by DA Davidson on Friday, June 24. The stock has “Buy” rating given by Jefferies on Wednesday, August 5.
According to Zacks Investment Research, “Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust that acquires, develops and operates self-storage facilities.”
Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.06, from 1.17 in 2016Q1. The ratio fall, as 36 funds sold all Extra Space Storage, Inc. shares owned while 132 reduced positions. 45 funds bought stakes while 141 increased positions. They now own 119.25 million shares or 2.90% less from 122.82 million shares in 2016Q1.
Great West Life Assurance Can owns 66,745 shares or 0.02% of their US portfolio. Fjarde Ap owns 29,331 shares or 0.06% of their US portfolio. Envestnet Asset Mgmt accumulated 0.02% or 63,983 shares. Moreover, First Midwest Retail Bank Division has 0.23% invested in Extra Space Storage, Inc. (NYSE:EXR) for 20,438 shares. Moreover, Solaris Asset Management Limited has 0.09% invested in Extra Space Storage, Inc. (NYSE:EXR) for 1,275 shares. Princeton Alpha Mgmt Lp accumulated 3,330 shares or 0.05% of the stock. Gulf Int Financial Bank (Uk) Ltd has 35,760 shares for 0.06% of their US portfolio. Wall Street has 0.12% invested in the company for 3,311 shares. Thrivent Fincl For Lutherans holds 62,810 shares or 0.03% of its portfolio. Fca Corporation Tx owns 5,100 shares or 0.24% of their US portfolio. Hsbc Public Limited Company last reported 0.01% of its portfolio in the stock. Mngmt Corporation Va accumulated 0.32% or 8,850 shares. Amica Pension Fund Board Of Trustees holds 0.09% or 7,400 shares in its portfolio. Hbk Lp accumulated 0% or 5,319 shares. Davis Selected Advisers holds 0.04% or 108,627 shares in its portfolio.
Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 9 sales for $10.00 million net activity. Shares for $1.83M were sold by Kirk Spencer. McNeal Gwyn Goodson sold $46,750 worth of Extra Space Storage, Inc. (NYSE:EXR) on Tuesday, May 10. KUNDE GRACE also sold $152,104 worth of Extra Space Storage, Inc. (NYSE:EXR) shares. 6,250 shares with value of $583,196 were sold by Stubbs P Scott on Thursday, May 12. On Tuesday, May 10 Sondhi Samrat sold $623,217 worth of the stock or 6,673 shares.
More notable recent Extra Space Storage, Inc. (NYSE:EXR) news were published by: Prnewswire.com which released: “Extra Space Storage Inc. Announces Date of Earnings Release and Conference …” on September 30, 2016, also Forbes.com with their article: “Extra Space Storage Enters Oversold Territory” published on August 03, 2016, Prnewswire.com published: “Extra Space Storage Inc. Announces Third Quarter 2016 Dividend” on August 29, 2016. More interesting news about Extra Space Storage, Inc. (NYSE:EXR) were released by: Prnewswire.com and their article: “Extra Space Storage Inc. to Present at Bank of America Merrill Lynch 2016 …” published on September 09, 2016 as well as Prnewswire.com‘s news article titled: “Extra Space Storage Announces Executive Leadership Transition” with publication date: September 12, 2016.
EXR Company Profile
Extra Space Storage Inc., incorporated on April 30, 2004, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates through three divisions: rental operations; tenant reinsurance, and property management, acquisition and development. The Firm owns, operates, manages, acquires, develops and redevelops self-storage properties (stores). The Firm has interests in approximately 1000 operating stores. Of these stores, the Company owns approximately 270 stores in joint venture partnerships. An additional approximately 350 operating stores are owned by third parties and operated by the Company. The Company’s operating stores are located in over 30 states of the United States, Washington D.C. and Puerto Rico, and contains approximately 100 million square feet of net rentable space in approximately 896,000 units.
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