Extra Space Storage (NYSE:EXR) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 1st. Analysts expect Extra Space Storage to post earnings of $0.68 per share for the quarter. Extra Space Storage has set its FY18 guidance at $4.52-4.62 EPS.
Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.55. Extra Space Storage had a return on equity of 18.87% and a net margin of 44.67%. The firm had revenue of $281.84 million for the quarter, compared to analyst estimates of $283.74 million. On average, analysts expect Extra Space Storage to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
NYSE:EXR opened at $85.91 on Tuesday. Extra Space Storage has a 1-year low of $71.34 and a 1-year high of $89.62. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $10,850.57, a price-to-earnings ratio of 19.70, a P/E/G ratio of 3.27 and a beta of 0.21.
In other Extra Space Storage news, Director Diane Olmstead sold 1,436 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.04, for a total value of $124,989.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Overturf sold 880 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $81.62, for a total value of $71,825.60. Following the completion of the sale, the executive vice president now owns 82,577 shares of the company’s stock, valued at $6,739,934.74. The disclosure for this sale can be found here. Insiders sold 62,300 shares of company stock valued at $5,393,630 over the last 90 days. Corporate insiders own 3.52% of the company’s stock.
EXR has been the topic of several analyst reports. BMO Capital Markets set a $78.00 target price on Extra Space Storage and gave the company a “hold” rating in a research note on Tuesday, February 20th. Cantor Fitzgerald set a $83.00 target price on Extra Space Storage and gave the company a “hold” rating in a research note on Wednesday, February 21st. Zacks Investment Research raised Extra Space Storage from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Tuesday, March 6th. Jefferies Group set a $92.00 target price on Extra Space Storage and gave the company a “hold” rating in a research note on Tuesday, March 6th. Finally, SunTrust Banks reissued a “hold” rating and issued a $88.00 target price on shares of Extra Space Storage in a research note on Friday, April 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $87.00.
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About Extra Space Storage
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.
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