Press coverage about Extra Space Storage (NYSE:EXR) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Extra Space Storage earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.7491126734232 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Cantor Fitzgerald set a $83.00 price objective on shares of Extra Space Storage and gave the stock a “hold” rating in a research report on Wednesday, February 21st. Robert W. Baird reaffirmed a “buy” rating and set a $92.00 price objective on shares of Extra Space Storage in a research report on Wednesday, November 29th. BMO Capital Markets set a $78.00 price objective on shares of Extra Space Storage and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Finally, Wells Fargo set a $93.00 target price on shares of Extra Space Storage and gave the stock a “buy” rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $86.92.
Extra Space Storage stock traded down $0.40 during trading on Thursday, reaching $84.79. 627,823 shares of the company’s stock were exchanged, compared to its average volume of 1,172,489. The firm has a market cap of $10,778.73, a price-to-earnings ratio of 22.66, a PEG ratio of 3.24 and a beta of 0.25. Extra Space Storage has a 12 month low of $71.34 and a 12 month high of $88.56. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.93 and a current ratio of 0.93.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Wednesday, March 14th. Extra Space Storage’s dividend payout ratio (DPR) is 82.98%.
In related news, Director Diane Olmstead sold 1,436 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.04, for a total value of $124,989.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP P Scott Stubbs sold 9,250 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $85.73, for a total transaction of $793,002.50. Following the completion of the transaction, the vice president now directly owns 144,973 shares in the company, valued at $12,428,535.29. The disclosure for this sale can be found here. Insiders sold a total of 61,420 shares of company stock worth $5,313,841 over the last ninety days. Insiders own 3.72% of the company’s stock.
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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