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.
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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