Extra Space Storage (EXR) Gets a Hold Rating from SunTrust Robinson


SunTrust Robinson analyst Ki Bin Kim reiterated a Hold rating on Extra Space Storage (NYSE: EXR) yesterday and set a price target of $93. The company’s shares closed yesterday at $93.65.

According to TipRanks.com, Kim is a 3-star analyst with an average return of 6.9% and a 68.4% success rate. Kim covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, National Storage Affiliates Trust, and General Growth Properties Inc.

Currently, the analyst consensus on Extra Space Storage is a Moderate Buy with an average price target of $100.22, implying a 7.0% upside from current levels. In a report issued on July 31, BMO Capital also maintained a Hold rating on the stock with a $93 price target.

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The company has a one-year high of $101.96 and a one-year low of $74.44. Currently, Extra Space Storage has an average volume of 964.4K.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, James Overturf, the EVP of EXR sold 4,100 shares for a total of $383,596.

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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