The stock of Extra Space Storage, Inc. (NYSE:EXR) is a huge mover today! About 200,136 shares traded hands. Extra Space Storage, Inc. (NYSE:EXR) has declined 19.02% since April 22, 2016 and is downtrending. It has underperformed by 24.43% the S&P500.
The move comes after 6 months positive chart setup for the $8.79 billion company. It was reported on Nov, 25 by Barchart.com. We have $74.27 PT which if reached, will make NYSE:EXR worth $527.40M more.
Analysts await Extra Space Storage, Inc. (NYSE:EXR) to report earnings on February, 28. They expect $0.98 EPS, up 12.64% or $0.11 from last year’s $0.87 per share. EXR’s profit will be $122.94 million for 17.88 P/E if the $0.98 EPS becomes a reality. After $1.02 actual EPS reported by Extra Space Storage, Inc. for the previous quarter, Wall Street now forecasts -3.92% negative 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 stock has “Underweight” rating given by BB&T Capital on Wednesday, November 11. The rating was upgraded by KeyBanc Capital Markets on Monday, December 7 to “Overweight”. Jefferies maintained the stock with “Buy” rating in Tuesday, May 31 report. The stock has “Hold” rating given by Evercore on Tuesday, September 8. The firm has “Buy” rating given on Wednesday, August 10 by Jefferies. The company was upgraded on Friday, September 4 by Zacks. The firm has “Outperform” rating by Robert W. Baird given on Thursday, July 23. The rating was initiated by DA Davidson with “Neutral” on Friday, June 24. The rating was downgraded by Zacks on Friday, August 28 to “Buy”. The stock has “Neutral” rating given by Citigroup on Friday, October 2.
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 0.94 in 2016 Q2. Its down 0.17, from 1.11 in 2016Q1. The ratio worsened, 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.
Blackrock Investment Mgmt Llc, a New Jersey-based fund reported 297,443 shares. Asset Mngmt has 0.06% invested in the company for 3,381 shares. Alps Advsrs Inc last reported 0.01% of its portfolio in the stock. Kcg has 5,374 shares for 0.01% of their US portfolio. American Intll Grp Inc Inc holds 42,415 shares or 0% of its portfolio. Virtu Limited Liability accumulated 2,334 shares or 0.03% of the stock. Suntrust Banks has 6,841 shares for 0% of their US portfolio. Pnc Services Inc last reported 0.08% of its portfolio in the stock. Victory Cap Management owns 2,298 shares or 0% of their US portfolio. Moreover, Cornerstone Cap Management Hldg Lc has 0.08% invested in Extra Space Storage, Inc. (NYSE:EXR) for 103,836 shares. Kayne Anderson Rudnick Limited Com has invested 0.03% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). The Connecticut-based Conning has invested 0.01% in Extra Space Storage, Inc. (NYSE:EXR). Dorsey Wright Associate owns 16,139 shares or 0.79% of their US portfolio. Moreover, Lpl Ltd Llc has 0% invested in Extra Space Storage, Inc. (NYSE:EXR) for 3,847 shares. Guardian Life Of America has 0% invested in the company for 468 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 5 selling transactions for $8.60 million net activity. Another trade for 20,000 shares valued at $1.61M was sold by Kirk Spencer.
More important recent Extra Space Storage, Inc. (NYSE:EXR) news were published by: Forbes.com which released: “Extra Space Storage Enters Oversold Territory” on August 03, 2016, also Prnewswire.com published article titled: “Extra Space Storage Inc. Completes $1.15 Billion Senior Unsecured Credit Facility”, Prnewswire.com published: “Extra Space Storage Announces Executive Leadership Transition” on September 12, 2016. More interesting news about Extra Space Storage, Inc. (NYSE:EXR) was released by: Prnewswire.com and their article: “Extra Space Storage Inc. Reports 2016 Second Quarter Results” with publication date: July 27, 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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