News articles about Extra Space Storage (NYSE:EXR) have trended positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring 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 daily sentiment score of 0.25 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.5854506297361 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several research analysts have issued reports on the company. Jefferies Group LLC reissued a “hold” rating and set a $80.00 target price on shares of Extra Space Storage in a research note on Tuesday. BidaskClub downgraded Extra Space Storage from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Cantor Fitzgerald reissued a “hold” rating and set a $77.00 target price on shares of Extra Space Storage in a research note on Sunday, August 20th. KeyCorp reaffirmed a “hold” rating on shares of Extra Space Storage in a research note on Wednesday, October 11th. Finally, BMO Capital Markets started coverage on Extra Space Storage in a research note 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 issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $82.56.
Extra Space Storage (EXR) opened at 78.70 on Friday. Extra Space Storage has a 12 month low of $68.09 and a 12 month high of $83.23. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 26.90 and a beta of 0.36. The company’s 50-day moving average price is $80.12 and its 200 day moving average price is $77.74.
Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The company had revenue of $276.00 million for the quarter, compared to analyst estimates of $239.89 million. During the same quarter last year, the business earned $0.94 earnings per share. Extra Space Storage’s revenue was up 13.0% compared to the same quarter last year. Analysts predict that Extra Space Storage will post $2.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.78 per share. The ex-dividend date was Thursday, September 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.96%. Extra Space Storage’s dividend payout ratio is presently 107.22%.
In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of Extra Space Storage stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $75.50, for a total value of $98,150.00. Following the transaction, the executive vice president now owns 86,275 shares in the company, valued at $6,513,762.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $79.64, for a total transaction of $1,592,800.00. The disclosure for this sale can be found here. Insiders have sold 63,900 shares of company stock worth $5,043,527 in the last quarter. Company insiders own 3.72% of the company’s stock.
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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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