P Scott Stubbs Sells 15,600 Shares of Extra Space Storage, Inc. (EXR) Stock

Extra Space Storage, Inc. (NYSE:EXR) CFO P Scott Stubbs sold 15,600 shares of Extra Space Storage stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $98.58, for a total transaction of $1,537,848.00. Following the completion of the transaction, the chief financial officer now directly owns 160,612 shares of the company’s stock, valued at approximately $15,833,130.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of EXR opened at $100.05 on Friday. Extra Space Storage, Inc. has a one year low of $82.80 and a one year high of $101.96. The stock has a market capitalization of $12.68 billion, a PE ratio of 21.42, a PEG ratio of 4.54 and a beta of 0.29. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.73.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. Extra Space Storage had a net margin of 37.36% and a return on equity of 16.40%. The company had revenue of $266.60 million during the quarter, compared to the consensus estimate of $265.39 million. During the same quarter last year, the firm posted $1.17 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, research analysts forecast that Extra Space Storage, Inc. will post 4.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Thursday, March 14th. Extra Space Storage’s dividend payout ratio (DPR) is presently 73.66%.

EXR has been the subject of a number of analyst reports. ValuEngine raised shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Tuesday, December 18th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $97.67.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Utah Retirement Systems lifted its stake in shares of Extra Space Storage by 0.4% during the 4th quarter. Utah Retirement Systems now owns 26,776 shares of the real estate investment trust’s stock worth $2,423,000 after buying an additional 100 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Extra Space Storage by 22.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 566 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 104 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Extra Space Storage by 1.0% during the 4th quarter. Stifel Financial Corp now owns 15,356 shares of the real estate investment trust’s stock worth $1,393,000 after buying an additional 152 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Extra Space Storage by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,029 shares of the real estate investment trust’s stock worth $1,722,000 after buying an additional 169 shares during the last quarter. Finally, American International Group Inc. lifted its stake in shares of Extra Space Storage by 0.5% during the 4th quarter. American International Group Inc. now owns 48,672 shares of the real estate investment trust’s stock worth $4,404,000 after buying an additional 258 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

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Extra Space Storage Company Profile

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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