Worth Watching: Extra Space Storage Inc (NYSE:EXR) Institutional Investors Sentiment Unchanged in Q2 2016

November 30, 2016 - By Pete Kolinski   ·   0 Comments

Worth Watching: Extra Space Storage Inc (NYSE:EXR) Institutional Investors Sentiment Unchanged in  Q2 2016

Sentiment for Extra Space Storage Inc (NYSE:EXR)

Extra Space Storage Inc (NYSE:EXR) institutional sentiment decreased to 0.94 in Q2 2016. Its down -0.17, from 1.11 in 2016Q1. The ratio dropped, as 186 investment professionals increased and started new holdings, while 168 sold and trimmed holdings in Extra Space Storage Inc. The investment professionals in our partner’s database now have: 119.25 million shares, down from 122.82 million shares in 2016Q1. Also, the number of investment professionals holding Extra Space Storage Inc in their top 10 holdings was flat from 8 to 8 for the same number . Sold All: 36 Reduced: 132 Increased: 141 New Position: 45.

Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust . The company has a market cap of $8.94 billion. The Firm operates through three divisions: rental operations; tenant reinsurance, and property management, acquisition and development. It has a 31.05 P/E ratio. The Firm owns, operates, manages, acquires, develops and redevelops self-storage properties (stores).

About 106,825 shares traded hands. Extra Space Storage, Inc. (NYSE:EXR) has declined 17.65% since April 27, 2016 and is downtrending. It has underperformed by 22.87% the S&P500.

Analysts await Extra Space Storage, Inc. (NYSE:EXR) to report earnings on February, 28. They expect $0.98 earnings per share, up 12.64% or $0.11 from last year’s $0.87 per share. EXR’s profit will be $123.05M for 18.16 P/E if the $0.98 EPS becomes a reality. After $1.02 actual earnings per share reported by Extra Space Storage, Inc. for the previous quarter, Wall Street now forecasts -3.92% negative EPS growth.

According to Zacks Investment Research, “Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust that acquires, develops and operates self-storage facilities.”

Everest Capital Llc holds 25.66% of its portfolio in Extra Space Storage, Inc. for 11,400 shares. Adelante Capital Management Llc owns 930,450 shares or 3.97% of their US portfolio. Moreover, Harrison Street Securities Llc has 3.53% invested in the company for 11,721 shares. The California-based American Assets Capital Advisers has invested 3.48% in the stock. Cornerstone Real Estate Advisers Llc, a Connecticut-based fund reported 113,956 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 selling transactions for $6.74 million net activity.

Extra Space Storage, Inc. (NYSE:EXR) Ratings Coverage

Ratings analysis reveals 58% of Extra Space Storage Inc.’s analysts are positive. Out of 12 Wall Street analysts rating Extra Space Storage Inc., 7 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $72 while the high is $110. The stock’s average target of $84.50 is 18.68% above today’s ($71.2) share price. EXR was included in 22 notes of analysts from July 23, 2015. The stock of Extra Space Storage, Inc. (NYSE:EXR) has “Buy” rating given on Wednesday, August 26 by Zacks. The stock has “Underweight” rating given by BB&T Capital on Wednesday, November 11. The rating was downgraded by Raymond James on Friday, August 12 to “Outperform”. The rating was downgraded by Zacks to “Buy” on Friday, August 28. The stock of Extra Space Storage, Inc. (NYSE:EXR) has “Neutral” rating given on Friday, June 24 by DA Davidson. The firm earned “Overweight” rating on Monday, December 7 by KeyBanc Capital Markets. BMO Capital Markets upgraded Extra Space Storage, Inc. (NYSE:EXR) on Thursday, August 13 to “Outperform” rating. Jefferies maintained it with “Buy” rating and $105 target price in Wednesday, August 10 report. Citigroup maintained Extra Space Storage, Inc. (NYSE:EXR) rating on Friday, October 2. Citigroup has “Neutral” rating and $80 price target. On Thursday, July 23 the stock rating was initiated by Robert W. Baird with “Outperform”.

EXR Company Profile

Extra Space Storage Inc., incorporated on April 30, 2004, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates through three divisions: rental operations; tenant reinsurance, and property management, acquisition and development. The Firm owns, operates, manages, acquires, develops and redevelops self-storage properties (stores). The Firm has interests in approximately 1000 operating stores. Of these stores, the Company owns approximately 270 stores in joint venture partnerships. An additional approximately 350 operating stores are owned by third parties and operated by the Company. The Company’s operating stores are located in over 30 states of the United States, Washington D.C. and Puerto Rico, and contains approximately 100 million square feet of net rentable space in approximately 896,000 units.

More important recent Extra Space Storage, Inc. (NYSE:EXR) news were published by: Forbes.com which released: “Extra Space Storage Enters Oversold Territory” on August 03, 2016, also Prnewswire.com published article titled: “Extra Space Storage Inc. Completes $1.15 Billion Senior Unsecured Credit Facility”, Prnewswire.com published: “Extra Space Storage Announces Executive Leadership Transition” on September 12, 2016. More interesting news about Extra Space Storage, Inc. (NYSE:EXR) was released by: Prnewswire.com and their article: “Extra Space Storage Inc. Reports 2016 Second Quarter Results” with publication date: July 27, 2016.

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By Pete Kolinski


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