Extra Space Storage Inc (EXR) Receives Price Target

Extra Space Storage Inc (EXR) : 11 investment research analysts covering Extra Space Storage Inc (EXR) have an average price target of $94.82 for the near short term. The highest target price given by the Brokerage Firm to the stock is $105 and the lowest target is $85 for the short term. Analysts expect the variance to be within $5.29 of the average price.

Extra Space Storage Inc (EXR) : The consensus on Extra Space Storage Inc (EXR) based on 12 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity analysts at the Brokerage firm Raymond James downgrades its rating on Extra Space Storage Inc (NYSE:EXR). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on August 12, 2016.

Extra Space Storage Inc (NYSE:EXR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.55 and $80.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.01, notching a gain of 0.57% for the day. The total traded volume was 916,840 . The stock had closed at $80.55 on the previous day.

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.

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