Extra Space Storage Inc (NYSE:EXR) stock has received a short term price target of $ 97.14 from 11 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $11.05. The higher estimate of target price is $110 , while the lower price target estimate is $75
Many analysts have stated their opinion on the company shares. Brokerage firm Jefferies maintains its rating on Extra Space Storage Inc (NYSE:EXR). As per the latest information, the brokerage house lowers the price target to $110 per share from a prior target of $105. The shares have been rated Buy. The rating by the firm was issued on May 31, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Kirk Spencer, director officer (Chief Executive Officer) of Extra Space Storage Inc., had unloaded 20,000 shares at an average price of $93 in a transaction dated on June 1, 2016. The total value of the transaction was worth $1,860,000.
Extra Space Storage Inc (NYSE:EXR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.16 points or 0.18% at $87.67 with 1,056,382 shares getting traded. Post opening the session at $88.14, the shares hit an intraday low of $87.56 and an intraday high of $89.02 and the price was in this range throughout the day. The company has a market cap of $10,977 million and the number of outstanding shares have been calculated to be 125,207,702 shares. The 52-week high of Extra Space Storage Inc (NYSE:EXR) is $94.81 and the 52-week low is $64.7801.
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.