Extra Space Storage (NYSE:EXR) Is Now Covered By BMO Capital. What can We Expect?

September 17, 2017 - By Nellie Frank

 Extra Space Storage (NYSE:EXR) Is Now Covered By BMO Capital. What can We Expect?

Investors sentiment increased to 0.98 in Q4 2016. Its up 0.04, from 0.94 in 2016Q3. It increased, 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.

Logan Incorporated accumulated 13,616 shares. Sii Invs Wi accumulated 5,008 shares. Independent Order Of Foresters invested in 57,000 shares. Schwab Charles Invest Mngmt Inc holds 0.09% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR) for 1.08 million shares. Huntington Retail Bank reported 0% stake. Standard Life Investments has invested 0.23% in Extra Space Storage, Inc. (NYSE:EXR). Fmr Ltd Liability holds 14.31M shares or 0.15% of its portfolio. Dana Invest Advsrs Incorporated has 0.12% invested in Extra Space Storage, Inc. (NYSE:EXR) for 32,798 shares. Shell Asset Mgmt stated it has 0.02% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). Sei holds 119,701 shares. Financial Bank Of Ny Mellon stated it has 0.03% in Extra Space Storage, Inc. (NYSE:EXR). 3,543 are held by Parkwood. Gemmer Asset Lc holds 378 shares or 0.01% of its portfolio. Fulton Breakefield Broenniman Ltd Liability Company reported 76,384 shares. Fort Washington Advsr Incorporated Oh has 14,800 shares.

Since March 16, 2017, it had 0 insider buys, and 4 selling transactions for $3.21 million activity. Another trade for 20,000 shares valued at $1.51M was sold by Kirk Spencer.

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

In a report sent to investors on Monday morning, BMO Capital analyst has today began coverage for Extra Space Storage (NYSE:EXR) shares with a Hold rating. The target price is $78.0.

Investors sentiment increased to 0.98 in Q4 2016. Its up 0.04, from 0.94 in 2016Q3. It increased, 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.

Logan Incorporated accumulated 13,616 shares. Sii Invs Wi accumulated 5,008 shares. Independent Order Of Foresters invested in 57,000 shares. Schwab Charles Invest Mngmt Inc holds 0.09% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR) for 1.08 million shares. Huntington Retail Bank reported 0% stake. Standard Life Investments has invested 0.23% in Extra Space Storage, Inc. (NYSE:EXR). Fmr Ltd Liability holds 14.31M shares or 0.15% of its portfolio. Dana Invest Advsrs Incorporated has 0.12% invested in Extra Space Storage, Inc. (NYSE:EXR) for 32,798 shares. Shell Asset Mgmt stated it has 0.02% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). Sei holds 119,701 shares. Financial Bank Of Ny Mellon stated it has 0.03% in Extra Space Storage, Inc. (NYSE:EXR). 3,543 are held by Parkwood. Gemmer Asset Lc holds 378 shares or 0.01% of its portfolio. Fulton Breakefield Broenniman Ltd Liability Company reported 76,384 shares. Fort Washington Advsr Incorporated Oh has 14,800 shares.

Since March 16, 2017, it had 0 insider buys, and 4 selling transactions for $3.21 million activity. Another trade for 20,000 shares valued at $1.51M was sold by Kirk Spencer.

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. The stock has “Hold” rating by Jefferies on Tuesday, December 20. The firm earned “Buy” rating on Friday, August 28 by Zacks. The stock of Extra Space Storage, Inc. (NYSE:EXR) has “Hold” rating given on Monday, August 7 by RBC Capital Markets. The stock of Extra Space Storage, Inc. (NYSE:EXR) earned “Neutral” rating by Citigroup on Friday, October 2. The rating was upgraded by BMO Capital Markets on Thursday, August 13 to “Outperform”. Zacks upgraded it to “Buy” rating and $80 target in Friday, September 4 report. RBC Capital Markets maintained the stock with “Hold” rating in Friday, April 28 report. As per Thursday, July 20, the company rating was downgraded by Bank of America. The company was maintained on Wednesday, August 10 by Jefferies. The firm earned “Underweight” rating on Wednesday, November 11 by BB&T Capital.

The stock increased 0.88% or $0.69 on September 15, reaching $79.07. About 1.14M 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.

Analysts expect Extra Space Storage, Inc. (NYSE:EXR) to report $1.09 EPS on October, 25.They anticipate $0.07 EPS change or 6.86 % from last quarter’s $1.02 EPS. EXR’s profit would be $137.30 million giving it 18.14 P/E if the $1.09 EPS is correct. After having $1.09 EPS previously, Extra Space Storage, Inc.’s analysts see 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 Prnewswire.com with their article: “Extra Space Storage Inc. Provides Hurricane Irma Update” published on September 14, 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: Nasdaq.com and their article: “Extra Space Storage Reaches Analyst Target Price” published on September 08, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Extra Space Storage, Universal Display and Rogers …” with publication date: September 12, 2017.

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