BMO Capital Remains a Hold on Extra Space Storage (EXR)


In a report released yesterday, Jeremy Metz from BMO Capital maintained a Hold rating on Extra Space Storage (EXR), with a price target of $91. The company’s shares closed yesterday at $96.

According to TipRanks.com, Metz is a 2-star analyst with an average return of -0.1% and a 51.6% success rate. Metz covers the Financial sector, focusing on stocks such as Monmouth Real Estate Investment, Retail Opportunity Investments, and American Finance Trust Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Extra Space Storage with a $93.50 average price target.

See today’s analyst top recommended stocks >>

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 39 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, Spencer Kirk, a Director at EXR bought 130,000 shares for a total of $808,600.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts