Extra Space Storage Inc (EXR) has been under a strong bear grip, hence the stock is down -10.92% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.11% in the past 1 week. The stock has risen by 1.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -10% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 4.78% and the 50-Day Moving Average is 6.5%. Extra Space Storage Inc (NYSE:EXR): On Fridays trading session , Opening price of the stock was $83.3 with an intraday high of $85.12. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $83.21. However, the stock managed to close at $83.44, a loss of 0.13% for the day. On the previous day, the stock had closed at $83.55. The total traded volume of the day was 1,376,072 shares.
The company Insiders own 4.13% of Extra Space Storage Inc shares according to the proxy statements. Institutional Investors own 94.73% of Extra Space Storage Inc shares. During last six month period, the net percent change held by insiders has seen a change of -18.43%. Also, Equity Analysts at the Raymond James downgrades the rating on Extra Space Storage Inc (NYSE:EXR). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Strong Buy. The rating by the firm was issued on August 12, 2016.
Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops professionally managed self-storage properties (stores). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Companys rental operations activities include rental operations of self-storage stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Companys self-storage facilities. The Companys property management acquisition and development activities include managing acquiring developing and selling self-storage stores. As of December 31, 2014, it held ownership interests in 828 operating stores. Of these operating stores, 557 are wholly owned and 271 are owned in joint venture partnerships.