Headlines about Extra Space Storage (NYSE:EXR) have been trending positive on Saturday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Extra Space Storage earned a news impact score of 0.34 on AlphaOne’s scale. AlphaOne also gave news headlines about the real estate investment trust an impact score of 65 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Alpha One Sentiment’s analysis:
- Active Stocks on Watch: PFSweb Inc (PFSW) and Extra Space Storage Inc (EXR) – The Times (tuckermantimes.com)
- Extra Space Storage, Inc. (EXR) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Extra Space Storage Inc (EXR): Trading Watch and Earnings Check – Stock Daily Review (stockdailyreview.com)
- FY2017 Earnings Estimate for Extra Space Storage, Inc. Issued By Cantor Fitzgerald (EXR) (americanbankingnews.com)
- Comparing Price Charts: FelCor Lodging Trust Incorporated (FCH), Extra Space Storage Inc. (EXR) – StockNewsMagazine (stocknewsmagazine.com)
Several brokerages recently weighed in on EXR. Cantor Fitzgerald restated a “neutral” rating and set a $77.00 target price on shares of Extra Space Storage in a research note on Monday, May 22nd. Goldman Sachs Group Inc upgraded Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 target price on the stock in a research note on Monday, May 15th. Citigroup Inc restated a “neutral” rating on shares of Extra Space Storage in a research note on Thursday, May 11th. Zacks Investment Research upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $80.00 target price on shares of Extra Space Storage in a research note on Monday, April 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $88.50.
Shares of Extra Space Storage (NYSE:EXR) traded down 1.32% during mid-day trading on Friday, reaching $78.00. The company’s stock had a trading volume of 868,534 shares. Extra Space Storage has a 52 week low of $68.09 and a 52 week high of $94.81. The company’s 50-day moving average is $76.55 and its 200-day moving average is $75.11. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 27.00 and a beta of 0.41.
Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $263 million for the quarter, compared to analyst estimates of $233.12 million. Extra Space Storage had a return on equity of 14.98% and a net margin of 30.57%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 earnings per share. Equities analysts predict that Extra Space Storage will post $2.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Tuesday, June 13th. Extra Space Storage’s payout ratio is 134.48%.
In other Extra Space Storage news, Director Spencer Kirk sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $79.63, for a total transaction of $1,592,600.00. Following the transaction, the director now owns 664,430 shares of the company’s stock, valued at $52,908,560.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James Overturf sold 1,300 shares of the firm’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $80.50, for a total value of $104,650.00. Following the transaction, the executive vice president now directly owns 91,475 shares in the company, valued at approximately $7,363,737.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,900 shares of company stock worth $4,900,590. Corporate insiders own 4.13% of the company’s stock.
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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.
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