Extra Space Storage Inc (EXR) : Zacks Investment Research ranks Extra Space Storage Inc (EXR) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2, which indicates as a Buy.
Extra Space Storage Inc (EXR) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $105 and the lowest price target forecast is $89. The average forecast of all the analysts is $96.18 and the expected standard deviation is $4.35.
Extra Space Storage Inc. has lost 1.67% in the last five trading days and dropped 11.63% in the last 4 weeks. Extra Space Storage Inc. has dropped 10.95% during the last 3-month period . Year-to-Date the stock performance stands at -6.5%. Extra Space Storage Inc (NYSE:EXR): On Tuesdays trading session , Opening price of the stock was $81.5 with an intraday high of $81.62. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $81. However, the stock managed to close at $81.18, a loss of 0.21% for the day. On the previous day, the stock had closed at $81.35. The total traded volume of the day was 800,590 shares.
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.