P Scott Stubbs Sells 8,000 Shares of Extra Space Storage, Inc. (EXR) Stock

Extra Space Storage, Inc. (NYSE:EXR) VP P Scott Stubbs sold 8,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $106.92, for a total transaction of $855,360.00. Following the completion of the sale, the vice president now directly owns 153,012 shares of the company’s stock, valued at approximately $16,360,043.04. The sale was disclosed in a filing with the SEC, which is accessible through this link.

P Scott Stubbs also recently made the following trade(s):

  • On Monday, March 11th, P Scott Stubbs sold 15,600 shares of Extra Space Storage stock. The shares were sold at an average price of $98.58, for a total transaction of $1,537,848.00.

EXR traded up $0.10 during trading on Thursday, hitting $106.63. 21,901 shares of the stock traded hands, compared to its average volume of 868,037. The stock has a market capitalization of $13.72 billion, a P/E ratio of 22.90, a PEG ratio of 4.76 and a beta of 0.30. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.80. Extra Space Storage, Inc. has a 12-month low of $83.70 and a 12-month high of $108.20.



Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The business had revenue of $271.00 million during the quarter, compared to analysts’ expectations of $266.01 million. Extra Space Storage had a net margin of 37.12% and a return on equity of 16.56%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. Sell-side analysts expect that Extra Space Storage, Inc. will post 4.79 EPS for the current fiscal year.

Several brokerages have weighed in on EXR. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Wednesday, January 16th. ValuEngine cut shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Raymond James cut shares of Extra Space Storage from an “outperform” rating to a “market perform” rating and set a $99.27 price target for the company. in a research report on Thursday, March 21st. Finally, Evercore ISI cut shares of Extra Space Storage from an “in-line” rating to an “underperform” rating in a research report on Monday, April 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $97.93.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kiwi Wealth Investments Limited Partnership bought a new position in Extra Space Storage in the 1st quarter worth $1,251,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Extra Space Storage by 20.2% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,379 shares of the real estate investment trust’s stock worth $1,262,000 after acquiring an additional 2,083 shares in the last quarter. Morgan Stanley increased its stake in shares of Extra Space Storage by 83.0% in the 1st quarter. Morgan Stanley now owns 1,349,683 shares of the real estate investment trust’s stock worth $137,547,000 after acquiring an additional 612,078 shares in the last quarter. Coastal Investment Advisors Inc. bought a new position in shares of Extra Space Storage in the 1st quarter worth about $246,000. Finally, Genesee Capital Advisors LLC bought a new position in shares of Extra Space Storage in the 1st quarter worth about $615,000. Institutional investors and hedge funds own 99.98% of the company’s stock.

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About Extra Space Storage

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space.

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Insider Buying and Selling by Quarter for Extra Space Storage (NYSE:EXR)

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