It is Time to “Hold” Extra Space Storage (NYSE:EXR), BMO Capital Says. Stock May Be Worth $78.0

September 17, 2017 - By Jacob Falcon

 It is Time to

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

Washington National Bank & Trust stated it has 1,212 shares or 0.02% of all its holdings. Axa owns 185,627 shares for 0.07% of their portfolio. Amer Assets Cap Advisers owns 57,282 shares. Cqs Cayman L P reported 72,425 shares. Arizona State Retirement Systems holds 36,300 shares or 0.04% of its portfolio. Sector Pension Inv Board holds 27,700 shares or 0.02% of its portfolio. Credit Suisse Ag has invested 0.04% in Extra Space Storage, Inc. (NYSE:EXR). Moreover, Piedmont Advsr Ltd Liability Company has 0% invested in Extra Space Storage, Inc. (NYSE:EXR). Nomura Asset Management Ltd holds 0.13% or 95,730 shares. State Treasurer State Of Michigan stated it has 41,148 shares. Teachers Retirement Systems Of The State Of Kentucky stated it has 0.02% in Extra Space Storage, Inc. (NYSE:EXR). Goldman Sachs Group Inc Incorporated owns 751,537 shares. Bessemer Group Incorporated Inc has invested 0% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). Principal owns 3.71 million shares for 0.36% of their portfolio. Aviva Public Limited Co owns 150,025 shares.

Since March 16, 2017, it had 0 insider buys, and 4 insider sales for $3.21 million activity. OVERTURF JAMES also sold $97,370 worth of Extra Space Storage, Inc. (NYSE:EXR) on Thursday, June 8.

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

BMO Capital has just issued a “Hold” rating for Extra Space Storage (NYSE:EXR) shares. The firm started coverage on shares of EXR in a report released on Monday morning. This target price per share would indicate downside of -1.35 % from the previous stock close of Extra Space Storage (NYSE:EXR).

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

Washington National Bank & Trust stated it has 1,212 shares or 0.02% of all its holdings. Axa owns 185,627 shares for 0.07% of their portfolio. Amer Assets Cap Advisers owns 57,282 shares. Cqs Cayman L P reported 72,425 shares. Arizona State Retirement Systems holds 36,300 shares or 0.04% of its portfolio. Sector Pension Inv Board holds 27,700 shares or 0.02% of its portfolio. Credit Suisse Ag has invested 0.04% in Extra Space Storage, Inc. (NYSE:EXR). Moreover, Piedmont Advsr Ltd Liability Company has 0% invested in Extra Space Storage, Inc. (NYSE:EXR). Nomura Asset Management Ltd holds 0.13% or 95,730 shares. State Treasurer State Of Michigan stated it has 41,148 shares. Teachers Retirement Systems Of The State Of Kentucky stated it has 0.02% in Extra Space Storage, Inc. (NYSE:EXR). Goldman Sachs Group Inc Incorporated owns 751,537 shares. Bessemer Group Incorporated Inc has invested 0% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). Principal owns 3.71 million shares for 0.36% of their portfolio. Aviva Public Limited Co owns 150,025 shares.

Since March 16, 2017, it had 0 insider buys, and 4 insider sales for $3.21 million activity. OVERTURF JAMES also sold $97,370 worth of Extra Space Storage, Inc. (NYSE:EXR) on Thursday, June 8.

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 firm earned “Hold” rating on Friday, April 28 by RBC Capital Markets. The firm has “Neutral” rating by DA Davidson given on Friday, June 24. The firm has “Neutral” rating by DA Davidson given on Friday, July 29. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, December 13. Jefferies maintained Extra Space Storage, Inc. (NYSE:EXR) on Wednesday, August 10 with “Buy” rating. The firm earned “Sector Perform” rating on Tuesday, January 3 by RBC Capital Markets. BMO Capital Markets upgraded Extra Space Storage, Inc. (NYSE:EXR) on Thursday, August 13 to “Outperform” rating. Citigroup maintained the stock with “Neutral” rating in Friday, October 2 report. The firm has “Hold” rating given on Tuesday, December 20 by Jefferies. KeyBanc Capital Markets downgraded Extra Space Storage, Inc. (NYSE:EXR) on Monday, September 11 to “Sector Weight” rating.

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

Investors wait Extra Space Storage, Inc. (NYSE:EXR) to report on October, 25. its quarterly earnings Wall Street analysts expect $1.09 earnings per share, up $0.07 or 6.86 % from last year’s $1.02 same quarter earnings. This translates into $137.30 million profit for EXR giving the stock a 18.14 P/E. This is assuming the current $1.09 EPS is accurate. Extra Space Storage, Inc.’s Wall Street analysts see 0.00 % EPS growth, taking into account the $1.09 EPS reproted in the previous quarter,

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 Nasdaq.com with their article: “Ex-Dividend Reminder: Extra Space Storage, Universal Display and Rogers …” published on September 12, 2017, Prnewswire.com published: “Extra Space Storage Inc. Announces 3rd Quarter 2017 Dividend” on August 25, 2017. More interesting news about Extra Space Storage, Inc. (NYSE:EXR) were released by: Prnewswire.com and their article: “Extra Space Storage Inc. Provides Hurricane Irma Update” published on September 14, 2017 as well as Nasdaq.com‘s news article titled: “Extra Space Storage Reaches Analyst Target Price” with publication date: September 08, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: