BMO Capital Reaffirms Their Hold Rating on Extra Space Storage (EXR)


BMO Capital analyst Jeremy Metz maintained a Hold rating on Extra Space Storage (EXR) today and set a price target of $91. The company’s shares closed on Friday at $93.15.

According to TipRanks.com, Metz is a 1-star analyst with an average return of -1.3% and a 50.8% success rate. Metz covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, American Finance Trust Inc, and Duke Realty Corp.

Currently, the analyst consensus on Extra Space Storage is a Hold with an average price target of $92.33.

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Based on Extra Space Storage’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $130 million. In comparison, last year the company had a net profit of $216 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXR in relation to earlier this year. Earlier this month, Scott Stubbs, the EVP & CFO of EXR bought 9,250 shares for a total of $57,535.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Extra Space Storage, Inc. is a real estate investment trust. It operates through the following segments: Storage Operations, Tenant Reinsurance. The Storage Operations segment includes rents The Tenant Reinsurance segment consists of reinsurance of risks relating to the loss of good stored by tenants in the firm’s stores.

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