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 -8.19% 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 -8.06% relative to the S&P 500. The 4-week change in the price of the stock is -5.11% and the stock has fallen -8.12% in the past 1 week.
The stock has recorded a 20-day Moving Average of 6.74% and the 50-Day Moving Average is 5.17%. Extra Space Storage Inc. is up 2.16% in the last 3-month period. Year-to-Date the stock performance stands at -0.93%.
Extra Space Storage Inc (NYSE:EXR): stock turned positive on Friday. Though the stock opened at $85.84, the bulls momentum made the stock top out at $88.6 level for the day. The stock recorded a low of $85.46 and closed the trading day at $86.02, in the green by 0.05%. The total traded volume for the day was 2,719,191. The stock had closed at $85.98 in the previous days trading.
Also, SunTrust Robinson Humphrey downgrades its view on Extra Space Storage Inc (NYSE:EXR) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 25, 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.