Another Recommendation On Wall Street for Extra Space Storage (NYSE:EXR). This time with a $78.0 Share Target Price

September 17, 2017 - By Clifton Ray

 Another Recommendation On Wall Street for Extra Space Storage (NYSE:EXR). This time with a $78.0 Share Target Price

Investors sentiment increased to 0.98 in 2016 Q4. Its up 0.04, from 0.94 in 2016Q3. It improved, as 37 investors sold Extra Space Storage, Inc. shares while 132 reduced holdings. 41 funds opened positions while 124 raised stakes. 125.87 million shares or 2.06% more from 123.33 million shares in 2016Q3 were reported.

Santa Barbara Asset Mngmt Ltd Limited Liability Company holds 984,041 shares. Ibm Retirement Fund accumulated 0.03% or 9,644 shares. Tower Research Limited Com (Trc) holds 0.02% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR) for 2,095 shares. State Street holds 0.05% or 7.31 million shares in its portfolio. Decatur Cap Mngmt has 12,802 shares. Teachers Retirement Sys Of The State Of Kentucky invested in 20,100 shares. Fulton Breakefield Broenniman Ltd Com holds 1.17% in Extra Space Storage, Inc. (NYSE:EXR) or 76,384 shares. Kbc Group Nv, Belgium-based fund reported 117,148 shares. New Jersey-based Quadrant Capital Management Ltd Liability Corp has invested 0.87% in Extra Space Storage, Inc. (NYSE:EXR). The Tennessee-based State Of Tennessee Treasury Department has invested 0.03% in Extra Space Storage, Inc. (NYSE:EXR). Comm Natl Bank accumulated 12,643 shares. Ent, Missouri-based fund reported 31 shares. Tokio Marine Asset Mgmt Ltd stated it has 2,950 shares. Sei has invested 0.04% in Extra Space Storage, Inc. (NYSE:EXR). Alexandria Capital Lc has 65 shares.

Since March 16, 2017, it had 0 buys, and 4 insider sales for $3.21 million activity. $1.50M worth of stock was sold by Kirk Spencer on Monday, April 3.

Why Has BMO Capital Given Extra Space Storage (NYSE:EXR) a $78.0 Price Target

Equities researchers at BMO Capital has begun coverage on Extra Space Storage (NYSE:EXR) with a key “Hold” rating. The PT for EXR is set to $78.0. It indicates a possible downside of -1.35 % from firm’s current stock price.

Investors sentiment increased to 0.98 in 2016 Q4. Its up 0.04, from 0.94 in 2016Q3. It improved, as 37 investors sold Extra Space Storage, Inc. shares while 132 reduced holdings. 41 funds opened positions while 124 raised stakes. 125.87 million shares or 2.06% more from 123.33 million shares in 2016Q3 were reported.

Santa Barbara Asset Mngmt Ltd Limited Liability Company holds 984,041 shares. Ibm Retirement Fund accumulated 0.03% or 9,644 shares. Tower Research Limited Com (Trc) holds 0.02% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR) for 2,095 shares. State Street holds 0.05% or 7.31 million shares in its portfolio. Decatur Cap Mngmt has 12,802 shares. Teachers Retirement Sys Of The State Of Kentucky invested in 20,100 shares. Fulton Breakefield Broenniman Ltd Com holds 1.17% in Extra Space Storage, Inc. (NYSE:EXR) or 76,384 shares. Kbc Group Nv, Belgium-based fund reported 117,148 shares. New Jersey-based Quadrant Capital Management Ltd Liability Corp has invested 0.87% in Extra Space Storage, Inc. (NYSE:EXR). The Tennessee-based State Of Tennessee Treasury Department has invested 0.03% in Extra Space Storage, Inc. (NYSE:EXR). Comm Natl Bank accumulated 12,643 shares. Ent, Missouri-based fund reported 31 shares. Tokio Marine Asset Mgmt Ltd stated it has 2,950 shares. Sei has invested 0.04% in Extra Space Storage, Inc. (NYSE:EXR). Alexandria Capital Lc has 65 shares.

Since March 16, 2017, it had 0 buys, and 4 insider sales for $3.21 million activity. $1.50M worth of stock was sold by Kirk Spencer on Monday, April 3.

Extra Space Storage, Inc. (NYSE:EXR) Ratings Coverage

Among 15 analysts covering Extra Space Storage Inc. (NYSE:EXR), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. Extra Space Storage Inc. has $110 highest and $72 lowest target. $80.73’s average target is 2.10% above currents $79.07 stock price. Extra Space Storage Inc. had 39 analyst reports since July 23, 2015 according to SRatingsIntel. Zacks upgraded the shares of EXR in report on Friday, September 4 to “Buy” rating. The rating was upgraded by Raymond James to “Strong Buy” on Friday, November 13. The stock of Extra Space Storage, Inc. (NYSE:EXR) has “Hold” rating given on Thursday, July 20 by Bank of America. The firm earned “Neutral” rating on Tuesday, May 23 by Cantor Fitzgerald. The firm has “Buy” rating by Jefferies given on Tuesday, May 31. The rating was downgraded by Jefferies on Tuesday, December 20 to “Hold”. On Monday, September 11 the stock rating was initiated by BMO Capital Markets with “Hold”. The company was initiated on Thursday, July 23 by Robert W. Baird. The firm has “Hold” rating given on Monday, July 10 by Jefferies. RBC Capital Markets maintained the shares of EXR in report on Friday, April 28 with “Hold” rating.

The stock increased 0.88% or $0.69 on September 15, reaching $79.07. About 1.14 million shares traded or 21.57% up from the average. Extra Space Storage, Inc. (NYSE:EXR) has declined 14.77% since September 17, 2016 and is downtrending. It has underperformed by 31.47% the S&P500.

Wall Street await Extra Space Storage, Inc. (NYSE:EXR) to release earnings on October, 25. Analysts forecast EPS of $1.09, up exactly $0.07 or 6.86 % from 2014’s $1.02 EPS. The expected EXR’s profit could reach $137.30M giving the stock 18.14 P/E in the case that $1.09 earnings per share is reported. After posting $1.09 EPS for the previous quarter, Extra Space Storage, Inc.’s analysts now forecast 0.00 % EPS growth.

Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust . The company has market cap of $9.96 billion. The Firm owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. It has a 27.12 P/E ratio. The Firm operates through three divisions: rental operations; tenant reinsurance, and property management, acquisition and development.

More notable recent Extra Space Storage, Inc. (NYSE:EXR) news were published by: Prnewswire.com which released: “Extra Space Storage Inc. to Present at Bank of America Merrill Lynch 2017 …” on September 06, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: Extra Space Storage, Universal Display and Rogers …” published on September 12, 2017, Nasdaq.com published: “Don’t Sell Extra Space Storage (EXR) Stock Now — Here’s Why” on September 13, 2017. More interesting news about Extra Space Storage, Inc. (NYSE:EXR) were released by: Prnewswire.com and their article: “Extra Space Storage Inc. Provides Hurricane Harvey Update” published on August 31, 2017 as well as Prnewswire.com‘s news article titled: “Extra Space Storage Inc. Announces 3rd Quarter 2017 Dividend” with publication date: August 25, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.