Extra Space Storage Inc (EXR) Director Spencer Kirk Sells 20,000 Shares

Extra Space Storage Inc (NYSE:EXR) Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $81.38, for a total transaction of $1,627,600.00. Following the completion of the sale, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $54,178,572.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Spencer Kirk also recently made the following trade(s):

  • On Monday, October 2nd, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The shares were sold at an average price of $79.64, for a total transaction of $1,592,800.00.
  • On Friday, September 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The shares were sold at an average price of $78.12, for a total transaction of $1,562,400.00.

Extra Space Storage Inc (EXR) traded up $3.36 on Friday, reaching $84.96. 938,437 shares of the company’s stock were exchanged, compared to its average volume of 1,067,127. The stock has a market capitalization of $10,473.72, a PE ratio of 19.42 and a beta of 0.38.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The firm had revenue of $284.16 million for the quarter, compared to the consensus estimate of $246.85 million. Extra Space Storage had a net margin of 33.21% and a return on equity of 14.41%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 EPS. sell-side analysts predict that Extra Space Storage Inc will post 4.32 EPS for the current fiscal year.

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EXR has been the subject of several research reports. Cantor Fitzgerald reissued a “hold” rating and issued a $77.00 price target on shares of Extra Space Storage in a research report on Friday, September 1st. Evercore ISI reissued an “in-line” rating and issued a $80.00 price target (up previously from $78.00) on shares of Extra Space Storage in a research report on Thursday, September 14th. BMO Capital Markets initiated coverage on shares of Extra Space Storage in a research report on Monday, September 11th. They issued a “market perform” rating and a $78.00 price target for the company. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Wednesday, October 11th. Finally, BidaskClub downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $82.56.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Extra Space Storage by 0.8% during the 2nd quarter. 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. BlackRock Inc. raised its stake in shares of Extra Space Storage by 3.0% during the 2nd quarter. BlackRock Inc. now owns 12,091,401 shares of the real estate investment trust’s stock worth $943,130,000 after purchasing an additional 348,554 shares during the period. Capital Research Global Investors raised its stake in shares of Extra Space Storage by 56.2% during the 2nd quarter. Capital Research Global Investors now owns 5,161,305 shares of the real estate investment trust’s stock worth $402,582,000 after purchasing an additional 1,857,594 shares during the period. Cbre Clarion Securities LLC bought a new stake in shares of Extra Space Storage during the 2nd quarter worth $304,239,000. Finally, Northern Trust Corp raised its stake in shares of Extra Space Storage by 3.9% during the 2nd quarter. Northern Trust Corp now owns 1,919,978 shares of the real estate investment trust’s stock worth $149,759,000 after purchasing an additional 71,326 shares during the period.

Extra Space Storage Company Profile

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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