Large Outflow of Money Witnessed in Extra Space Storage Inc

Extra Space Storage Inc (EXR) : The total money flow in Extra Space Storage Inc (EXR) was negative ($0.71 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.64 million. In comparison, the inflow of money into the stock on upticks was $0.93 million. The uptick to downtick ratio was 0.57. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $0.95 million. The negative money flow of ($0.95 million) confirms the selling in Extra Space Storage Inc (EXR) on strength. Extra Space Storage Inc (EXR) gained $0.24 at $93.13, a gain of 0.26% over the previous days close. However, the stock registered 0.45% in the week.


Extra Space Storage Inc (EXR) : The consensus price target for Extra Space Storage Inc (EXR) is $98.46 for the short term with a standard deviation of $10.49. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $115, however, the pessimist price target for the company is $75.

Extra Space Storage Inc (NYSE:EXR): stock turned positive on Friday. Though the stock opened at $92.69, the bulls momentum made the stock top out at $93.93 level for the day. The stock recorded a low of $92.645 and closed the trading day at $93.62, in the green by 0.79%. The total traded volume for the day was 543,981. The stock had closed at $92.89 in the previous days trading.

In a related news,The Director Officer (Chief Executive Officer) of Extra Space Storage Inc., Kirk Spencer sold 20,000 shares at $91.59 on July 1, 2016. The Insider selling transaction had a total value worth of $1,831,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops professionally managed self-storage properties (stores). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Companys rental operations activities include rental operations of self-storage stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Companys self-storage facilities. The Companys property management acquisition and development activities include managing acquiring developing and selling self-storage stores. As of December 31, 2014, it held ownership interests in 828 operating stores. Of these operating stores, 557 are wholly owned and 271 are owned in joint venture partnerships.

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