Robert W. Baird Analysts Give Extra Space Storage (NYSE:EXR) a $121.00 Price Target

Robert W. Baird set a $121.00 target price on Extra Space Storage (NYSE:EXR) in a research note released on Wednesday morning, TipRanks reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

EXR has been the subject of a number of other research reports. Stifel Nicolaus started coverage on Extra Space Storage in a report on Monday. They set a buy rating and a $131.00 price objective for the company. Zacks Investment Research upgraded Extra Space Storage from a sell rating to a hold rating in a report on Tuesday, April 23rd. Wells Fargo & Co boosted their price objective on Extra Space Storage from $114.00 to $130.00 and gave the stock an outperform rating in a report on Thursday. Finally, BMO Capital Markets restated a hold rating and set a $94.00 price objective on shares of Extra Space Storage in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Extra Space Storage currently has an average rating of Hold and a consensus target price of $111.04.

Shares of NYSE:EXR traded up $1.15 during trading on Wednesday, reaching $122.52. 82,661 shares of the stock were exchanged, compared to its average volume of 791,579. Extra Space Storage has a 12 month low of $83.70 and a 12 month high of $122.87. The firm has a market cap of $15.55 billion, a PE ratio of 26.24, a PEG ratio of 5.41 and a beta of 0.22. The stock has a 50-day moving average price of $113.73 and a 200-day moving average price of $105.43. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

In other news, EVP James Overturf sold 880 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $108.87, for a total transaction of $95,805.60. Following the completion of the sale, the executive vice president now owns 67,849 shares in the company, valued at $7,386,720.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Spencer Kirk sold 248,103 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $121.33, for a total value of $30,102,336.99. Following the sale, the director now owns 153,069 shares of the company’s stock, valued at approximately $18,571,861.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,466 shares of company stock valued at $30,933,783. Corporate insiders own 3.29% of the company’s stock.

Several hedge funds have recently modified their holdings of EXR. Signaturefd LLC boosted its stake in shares of Extra Space Storage by 103.4% in the second quarter. Signaturefd LLC now owns 240 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 122 shares during the period. FinTrust Capital Advisors LLC boosted its stake in shares of Extra Space Storage by 116.7% in the second quarter. FinTrust Capital Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 126 shares during the period. Bessemer Group Inc. boosted its stake in shares of Extra Space Storage by 2,577.8% in the second quarter. Bessemer Group Inc. now owns 241 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 232 shares during the period. CSat Investment Advisory L.P. boosted its stake in shares of Extra Space Storage by 68.5% in the second quarter. CSat Investment Advisory L.P. now owns 406 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 165 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Extra Space Storage by 87.1% in the second quarter. Advisory Services Network LLC now owns 593 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 276 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

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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Analyst Recommendations for Extra Space Storage (NYSE:EXR)

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