According to The Fly, stock research analysts at Evercore ISI lowered their price objective for Extra Space Storage (NYSE: EXR) in a research note published on Monday. The new price objective is $196.00, down from $201.00. According to the price objective provided by Evercore ISI, the stock’s current price has the potential to increase by 5.89% from its current level. Recent occurrences have resulted in a rise in research companies that have developed more pessimistic perspectives towards EXR. The recommendation to “buy” Extra Space Storage stock was modified to “hold” in a research report published on Thursday, August 11, by StockNews.com. The report was issued on Thursday, August 11. In a research note published on May 25, Morgan Stanley rated Extra Space Storage as an “underweight” investment. As a result, the firm lowered its price objective for the company from $172.00 to $156.00.
On August 22, Citigroup revealed its decision to raise its price objective for Extra Space Storage to $229.00 in a report on research that was made public on August 22 and published on the same day. JPMorgan Chase & Co.’s rating assigned to Extra Space Storage has been upgraded from “neutral” to “overweight,” according to a report issued on June 22. On the other hand, they decided to lower their price goal from $224.00 to $193.00. Jefferies Financial Group gave the firm a ” hold ” recommendation in a report released on Thursday, June 30. Additionally, the same research reduced the price objective for Extra Space Storage from $228.00 to $184.00. This information was taken into consideration during the study process. One financial expert has indicated that the stock be sold, three financial analysts have suggested that the stock be held, and seven financial analysts have suggested purchasing the stock.
According to Bloomberg, the current general rating for Extra Space Storage is a “Moderate Buy,” and the price objective for the firm has been set at an average of $205.91. When trading began on Monday, one share of Extra Space Storage was selling for $185.10 per unit. Over the past year, the price of storage at Extra Space Storage has fluctuated between a low of $156.70 and a high of $228.84. A debt-to-equity ratio comes in at 1.64, a current ratio that comes in at 0.41, a quick ratio that comes in at 0.41, and a current ratio that comes in at 0.41. This stock’s simple moving average over the past 50 days comes in at $194.02, and the simple moving average over the past 200 days is $189.65. According to the price-to-earnings ratio of 27.74, the price-to-earnings-growth ratio of 2.50, and the beta value of 0.48, the firm is estimated to have a market capitalization of $24.79 billion at present. A considerable number of investors have recently made changes to the way they are positioned concerning their holdings of the stock. As a result, Menard Financial Group LLC’s interest in Extra Space Storage increased by 2.2% during the first quarter of the fiscal year due to the company’s purchase of more shares.
Menard Financial Group LLC now directly owns 2,282 shares of the REIT’s stock, which are valued at a total of $469,000. This is a result of the company’s purchase of an additional 50 shares during the most recent quarter. Coldstream Capital Management Inc. boosted the percentage of its interests in Extra Space Storage by 6.1% during the first three months of 2018. Coldstream Capital Management Inc. now has 1,009 real estate investment trust shares in its possession after making an additional purchase of 58 shares during the most recent quarter. These shares are currently worth $207,000 at the current market price. The investment portfolio of FirstPurpose Wealth LLC had a 0.4% growth in the value of its interests in Extra Space Storage during the first three months of the year. FirstPurpose Wealth LLC currently possesses a total of 13,746 shares of the real estate investment trust following the purchase of an additional 61 shares during the most recent quarter. The value of these shares has increased to $2,826,000 due to this increase.
During the second quarter of the year, Redpoint Investment Management Pty Ltd. increased its holdings of Extra Space Storage stock by 0.5 percent. Following the purchase of an additional 65 shares during the most recent quarter, Redpoint Investment Management Pty Ltd now has 13,967 shares of the real estate investment trust. The value of the real estate investment trust’s shares collectively comes to $2,376,000. Last but not least, during the final quarter of 2018, First Affirmative Financial Network grew its holdings in Extra Space Storage by 4.5%. This certainly should not be considered the least important development. Due to purchasing an additional 66 shares during the most recent quarter, First Affirmative Financial Network now has 1,545 shares of the real estate investment trust. The combined value of these 1,545 shares is $350,000, which means that the company has a total investment of $350,000. Institutional investors and hedge funds own the vast majority of the company’s stock, which is 95.10% of the total.
Extra Space Storage Inc. is a company that makes up the S&P 500. It is a self-managed and self-administered real estate investment trust (REIT). Salt Lake City, in the state of Utah, is home to the firm’s headquarters. As of September 30, 2020, the corporation owned and/or operated 1,906 self-storage facilities in 40 states, as well as the District of Columbia and Puerto Rico. The corporation’s retail properties have a combined total of approximately 1.4 million units and 147.5 million square feet of space that are available for lease.