Press coverage about Extra Space Storage (NYSE:EXR) has trended positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Extra Space Storage earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.5854506297361 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Extra Space Storage (EXR) opened at 82.19 on Wednesday. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 28.09 and a beta of 0.36. The company has a 50-day moving average price of $79.38 and a 200 day moving average price of $77.44. Extra Space Storage has a 1-year low of $68.09 and a 1-year high of $83.23.
Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The business had revenue of $276.00 million during the quarter, compared to analysts’ expectations of $239.89 million. Extra Space Storage had a return on equity of 15.20% and a net margin of 36.35%. Extra Space Storage’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. Equities analysts anticipate that Extra Space Storage will post $2.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.80%. Extra Space Storage’s dividend payout ratio (DPR) is presently 107.22%.
Several analysts have recently issued reports on the company. KeyCorp restated a “hold” rating on shares of Extra Space Storage in a research report on Wednesday, October 11th. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Wednesday, October 11th. BidaskClub downgraded Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Cantor Fitzgerald restated a “hold” rating and issued a $77.00 price objective on shares of Extra Space Storage in a research report on Sunday, August 20th. Finally, BMO Capital Markets assumed coverage on Extra Space Storage in a research report on Monday, September 11th. They issued a “market perform” rating and a $78.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $82.56.
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In other news, EVP James Overturf sold 1,300 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $75.50, for a total value of $98,150.00. Following the completion of the sale, the executive vice president now owns 86,275 shares of the company’s stock, valued at $6,513,762.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Spencer Kirk sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $79.09, for a total value of $1,581,800.00. Following the completion of the sale, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $52,654,009.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,600 shares of company stock valued at $4,937,187. 3.72% of the stock is currently owned by insiders.
Extra Space Storage Company Profile
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.
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