Extra Space Storage Inc (NYSE:EXR) shares traded 1.11% higher at $149.56 on Wall Street last session.
EXR stock price is now -8.53% away from the 50-day moving average and -5.76% away from the 200-day moving average. The market capitalization of the company currently stands at $32.99B.
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With the price target maintained at $175, Wells Fargo recently Downgraded its rating from Overweight to Equal Weight for Extra Space Storage Inc (NYSE: EXR). On September 18, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $162 to quote $204, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, Olmstead Diane, Director sold 3,081 shares of the company’s stock on Nov 15 ’24. The stock was sold for $507,009 at an average price of $164.56. Upon completion of the transaction, the Director now directly owns 5,877 shares in the company, valued at $0.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Chief Executive Officer Margolis Joseph D sold 7,500 shares of the business’s stock. A total of $1,338,900 was realized by selling the stock at an average price of $178.52. This leaves the insider owning 24,190 shares of the company worth $3.62 million. A total of 1.35% of the company’s stock is owned by insiders.
During the past 12 months, Extra Space Storage Inc has had a low of $131.02 and a high of $184.87. According to the stock market information, the enterprise value for the company is $44249419776, which is based on a 39.62 price-to-earnings ratio, a 23.18 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for EXR is $163.937 and a two-hundred day moving average price translates $158.707 for the stock.
The latest earnings results from Extra Space Storage Inc (NYSE: EXR) was released for 2024-09-30. The net profit margin was 24.96% and return on equity was 5.65% for EXR. The company reported revenue of $824.8 million for the quarter, compared to $748.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.26 percent. For the current quarter, analysts expect EXR to generate $707.02M in revenue.
