Impact of Brokerage Rating on Extra Space Storage Inc(EXR)

Many Extra Space Storage Inc(EXR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Extra Space Storage was Downgraded by Jefferies to Hold on Dec 20, 2016. Extra Space Storage was Downgraded by Morgan Stanley to Underweight on Dec 13, 2016.

Company has reported several Insider transactions to the SEC, on Feb 8, 2017, James Overturf (EVP/Chief Marketing Officer) sold 1,300 shares at 74.07 per share price.On Feb 1, 2017, Spencer Kirk (director) sold 20,000 shares at 71.88 per share price.On Nov 1, 2016, Dennis J Letham (director) purchased 2,000 shares at 71.76 per share price.

Extra Space Storage Last issued its quarterly earnings results on Oct 26, 2016. The company reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $1.00. The company had revenue of $257.20 million for the quarter, compared to analysts expectations of $218.17 million. The companys revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Extra Space Storage Inc (NYSE:EXR) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.36 by 12 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 6 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Extra Space Storage Inc (NYSE:EXR): 11 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $80.73 in Extra Space Storage Inc (NYSE:EXR). However, the stock price could fluctuate by $ 7.84 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $98 price target with the lower price estimate is calculated at $67

Extra Space Storage Inc (NYSE:EXR) witnessed a decline in the market cap on Tuesday as its shares dropped 1.8% or 1.35 points. After the session commenced at $74.85, the stock reached the higher end at $74.85 while it hit a low of $72.905. With the volume soaring to 642,602 shares, the last trade was called at $73.5. The company has a 52-week high of $94.81. The company has a market cap of $9,247 million and there are 125,806,096 shares in outstanding. The 52-week low of the share price is $68.09.

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.


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