Extra Space Storage(NYSE:EXR) Declares Dividend of $0.7800.

Extra Space Storage (NYSE:EXR) had declared a cash dividend of $0.7800 on Aug 29, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed for Sep 15, 2016. On Aug 29, 2016 share price, the yield comes out to be 3.8719%. The dividend payable date has been fixed on Sep 30, 2016.

In a different note, On Aug 12, 2016, Raymond James said it Downgrades its rating on Extra Space Storage. The shares have been rated ‘Outperform’ by the firm. On Aug 10, 2016, Jefferies said it Maintains its rating on Extra Space Storage. In the research note, the firm Lowers the price-target to $115.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 25, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Extra Space Storage. The shares have been rated ‘Neutral’ by the firm. DA Davidson said it Initiates Coverage on Extra Space Storage, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Neutral’ by the firm.

Extra Space Storage (EXR) made into the market gainers list on Thursdays trading session with the shares advancing 0.57% or 0.46 points. Due to strong positive momentum, the stock ended at $81.01, which is also near the day’s high of $81.84. The stock began the session at $80.55 and the volume stood at 9,16,840 shares. The 52-week high of the shares is $94.81 and the 52 week low is $70.98. The company has a current market capitalization of $10,190 M and it has 12,57,89,327 shares in outstanding.

Extra Space Storage(EXR) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $244.27M. Analysts had an estimated revenue of $213.32M. Earnings per share were $0.94. Analysts had estimated an EPS of $0.93.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Spencer Kirk (Chief Executive Officer) sold 20,000 shares at $86.42 per share price.Also, On May 16, 2016, P Scott Stubbs (Executive VP and CFO) sold 6,250 shares at $93.31 per share price.On May 11, 2016, Gwyn Goodson Mcneal (EVP/Chief Legal Officer) sold 500 shares at $93.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s self-storage facilities. The Company’s 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.

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