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Principale » Extra Space Storage (EXR) Given "Buy" Rating at Robert W. Baird

Extra Space Storage (EXR) Given "Buy" Rating at Robert W. Baird

01 Décembre 2017

BMO Capital Markets began coverage on shares of Extra Space Storage in a report on Monday, September 11th. The firm earned "Sector Perform" rating on Tuesday, January 3 by RBC Capital Markets. Zacks Investment Research downgraded shares of Extra Space Storage from a "buy" rating to a "hold" rating in a report on Thursday, November 23rd. Evercore ISI reiterated an "in-line" rating and issued a $80.00 target price (up from $78.00) on shares of Extra Space Storage in a report on Thursday, September 14th. The stock now has a consensus rating of Hold and a consensus target price of $86.73. (NYSE:EXR). Paloma Prtnrs Management holds 0.04% of its portfolio in Extra Space Storage Inc. The company's existing price is $85.06 with a change in volume of 1,134,428.00. The firm has a market cap of $10,737.12, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 3.29 and a beta of 0.38. 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 fifty-two week low of $68.61 and a fifty-two week high of $88.05.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.03. The company had revenue of $284.16 million for the quarter, compared to analyst estimates of $246.85 million. Extra Space Storage had a net margin of 33.21% and a return on equity of 14.41%. The company's revenue for the quarter was up 10.5% compared to the same quarter a year ago. During the same quarter previous year, the firm earned $1.02 EPS.

Extra Space Storage announced that its Board of Directors has authorized a stock repurchase program on Monday, November 13th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.65%. Glg Limited Liability Corp has 0.03% invested in Extra Space Storage Inc.

In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the company's stock in a transaction that occurred on Friday, September 15th. P/S is calculated by dividing the closing price of the share by their dollar-sales value. Following the completion of the transaction, the director now directly owns 665,748 shares of the company's stock, valued at $52,008,233.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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In other Extra Space Storage news, SVP Grace Kunde sold 350 shares of Extra Space Storage stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $86.55, for a total transaction of $112,515.00. Following the completion of the sale, the senior vice president now directly owns 11,209 shares of the company's stock, valued at $982,468.85. The disclosure for this sale can be found here. After the latest check-in, company stock is -3.06% off of the 50 day high and 11.51% away from the 50 day low price. More interesting news about Extra Space Storage Inc. Vanguard Group Inc. now owns 21,666,355 shares of the real estate investment trust's stock worth $1,689,976,000 after purchasing an additional 171,897 shares during the period.

The current ratio for Extra Space Storage Inc. The fund owned 47,518 shares of the real estate investment trust's stock after acquiring an additional 10,530 shares during the period. Creative Planning raised its stake in shares of Extra Space Storage by 1.1% in the second quarter. The Maryland-based Advisors Preferred Llc has invested 0.24% in the stock. (NYSE:EXR). Toronto Dominion Bancorp has invested 0.01% of its portfolio in Extra Space Storage Inc. The stock of Extra Space Storage Inc. Creative Planning now owns 5,912 shares of the real estate investment trust's stock worth $461,000 after purchasing an additional 62 shares during the last quarter.

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Extra Space Storage Inc. was covered by a number of analysts recently, 2 rated the stock as Buy, 11 rated Hold, 0 rated sell and 1 gave an Underperform. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities.