Extra Space Storage Inc (EXR) : During the past 4 weeks, traders have been relatively bearish on Extra Space Storage Inc (EXR), hence the stock is down -14.03% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.15% relative to the S&P 500. The 4-week change in the price of the stock is -13.7% and the stock has fallen -3.18% in the past 1 week.
Extra Space Storage Inc. has dropped 10.46% during the last 3-month period . Year-to-Date the stock performance stands at -6.95%. The stock has recorded a 20-day Moving Average of 5.12% and the 50-Day Moving Average is 8.57%.
Extra Space Storage Inc (NYSE:EXR): The stock opened at $81.86 on Friday but the bulls could not build on the opening and the stock topped out at $81.89 for the day. The stock traded down to $80.06 during the day, due to lack of any buying support eventually closed down at $80.79 with a loss of -1.20% for the day. The stock had closed at $81.77 on the previous day. The total traded volume was 870,499 shares.
Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on Extra Space Storage Inc (NYSE:EXR). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of 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.