Extra Space Storage Inc (EXR) has an average broker rating of 1.92, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Extra Space Storage Inc (EXR) : Average target price received by Extra Space Storage Inc (EXR) is $98.36 with an expected standard deviation of $7.15. The most aggressive target on the stock is $115, whereas the most downbeat target is $89. 11 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Extra Space Storage Inc (NYSE:EXR): The stock opened at $84.00 on Thursday but the bulls could not build on the opening and the stock topped out at $84.05 for the day. The stock traded down to $83.22 during the day, due to lack of any buying support eventually closed down at $83.55 with a loss of -0.25% for the day. The stock had closed at $83.76 on the previous day. The total traded volume was 1,217,229 shares.
In a related news, Kirk Spencer, director officer (Chief Executive Officer) of Extra Space Storage Inc., unloaded 20,000 shares at an average price of $86.42 on August 1, 2016. The total amount of the transaction was worth $1,728,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.