BMO Capital Now Covering Extra Space Storage (NYSE:EXR) With $78.0 Target

September 17, 2017 - By Peter Erickson

 BMO Capital Now Covering Extra Space Storage (NYSE:EXR) With $78.0 Target

Investors sentiment increased to 0.98 in Q4 2016. Its up 0.04, from 0.94 in 2016Q3. It is positive, as 37 investors sold Extra Space Storage, Inc. shares while 132 reduced holdings. 41 funds opened positions while 124 raised stakes. 125.87 million shares or 2.06% more from 123.33 million shares in 2016Q3 were reported.

Moreover, Qs Invsts Ltd Company has 0% invested in Extra Space Storage, Inc. (NYSE:EXR) for 1,890 shares. Logan Capital Mngmt Incorporated invested 0.08% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). Franklin Res Inc invested in 0% or 101,881 shares. Exane Derivatives stated it has 0% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). Eventide Asset Ltd Liability owns 81,500 shares. Teacher Retirement Of Texas has invested 0.02% in Extra Space Storage, Inc. (NYSE:EXR). Pggm Investments stated it has 1.85M shares or 0.73% of all its holdings. The Massachusetts-based Panagora Asset Mngmt has invested 0% in Extra Space Storage, Inc. (NYSE:EXR). Nationwide Fund accumulated 0.02% or 72,548 shares. Fincl Bank Of America De has 1.03M shares. 2,700 are held by Pictet Bankshares Ltd. Oakbrook Limited Company owns 5,254 shares. Barings Real Estate Advisers Ltd Liability Company owns 188,124 shares. Proshare Ltd Limited Liability Company accumulated 67,521 shares or 0.06% of the stock. British Columbia Invest Management reported 82,240 shares.

Since March 16, 2017, it had 0 buys, and 4 selling transactions for $3.21 million activity. 20,000 shares were sold by Kirk Spencer, worth $1.50 million on Monday, April 3.

Why Has BMO Capital Given Extra Space Storage (NYSE:EXR) a $78.0 Price Target

BMO Capital initiated its coverage for Extra Space Storage (NYSE:EXR), this morning Monday morning. The broker found the stock of EXR quite attractive and now has a TP of $78.0 with a key “Hold” rating.

Investors sentiment increased to 0.98 in Q4 2016. Its up 0.04, from 0.94 in 2016Q3. It is positive, as 37 investors sold Extra Space Storage, Inc. shares while 132 reduced holdings. 41 funds opened positions while 124 raised stakes. 125.87 million shares or 2.06% more from 123.33 million shares in 2016Q3 were reported.

Moreover, Qs Invsts Ltd Company has 0% invested in Extra Space Storage, Inc. (NYSE:EXR) for 1,890 shares. Logan Capital Mngmt Incorporated invested 0.08% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). Franklin Res Inc invested in 0% or 101,881 shares. Exane Derivatives stated it has 0% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). Eventide Asset Ltd Liability owns 81,500 shares. Teacher Retirement Of Texas has invested 0.02% in Extra Space Storage, Inc. (NYSE:EXR). Pggm Investments stated it has 1.85M shares or 0.73% of all its holdings. The Massachusetts-based Panagora Asset Mngmt has invested 0% in Extra Space Storage, Inc. (NYSE:EXR). Nationwide Fund accumulated 0.02% or 72,548 shares. Fincl Bank Of America De has 1.03M shares. 2,700 are held by Pictet Bankshares Ltd. Oakbrook Limited Company owns 5,254 shares. Barings Real Estate Advisers Ltd Liability Company owns 188,124 shares. Proshare Ltd Limited Liability Company accumulated 67,521 shares or 0.06% of the stock. British Columbia Invest Management reported 82,240 shares.

Since March 16, 2017, it had 0 buys, and 4 selling transactions for $3.21 million activity. 20,000 shares were sold by Kirk Spencer, worth $1.50 million on Monday, April 3.

Extra Space Storage, Inc. (NYSE:EXR) Ratings Coverage

Among 15 analysts covering Extra Space Storage Inc. (NYSE:EXR), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. Extra Space Storage Inc. has $110 highest and $72 lowest target. $80.73’s average target is 2.10% above currents $79.07 stock price. Extra Space Storage Inc. had 39 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was upgraded by BMO Capital Markets on Thursday, August 13 to “Outperform”. On Wednesday, June 7 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Hold” rating on Monday, July 10 by Jefferies. Jefferies maintained the stock with “Hold” rating in Monday, August 14 report. The firm has “Overweight” rating given on Monday, December 7 by KeyBanc Capital Markets. Zacks upgraded the shares of EXR in report on Friday, September 4 to “Buy” rating. As per Monday, August 7, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the stock with “Hold” rating in Friday, April 28 report. The firm has “Buy” rating given on Tuesday, May 31 by Jefferies. On Friday, July 29 the stock rating was maintained by DA Davidson with “Neutral”.

The stock increased 0.88% or $0.69 on September 15, reaching $79.07. About 1.14M shares traded or 21.57% up from the average. Extra Space Storage, Inc. (NYSE:EXR) has declined 14.77% since September 17, 2016 and is downtrending. It has underperformed by 31.47% the S&P500.

Investors wait Extra Space Storage, Inc. (NYSE:EXR) to report on October, 25. its quarterly earnings Wall Street analysts expect $1.09 EPS, up $0.07 or 6.86 % from last year’s $1.02 same quarter earnings. This translates into $137.30M profit for EXR giving the stock a 18.14 P/E. This is assuming the current $1.09 EPS is accurate. Extra Space Storage, Inc.’s Wall Street analysts see 0.00 % EPS growth, taking into account the $1.09 EPS reproted in the previous quarter,

Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust . The company has market cap of $9.96 billion. The Firm owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. It has a 27.12 P/E ratio. The Firm operates through three divisions: rental operations; tenant reinsurance, and property management, acquisition and development.

More notable recent Extra Space Storage, Inc. (NYSE:EXR) news were published by: Prnewswire.com which released: “Extra Space Storage Inc. to Present at Bank of America Merrill Lynch 2017 …” on September 06, 2017, also Nasdaq.com with their article: “Extra Space Storage (EXR) Shares Cross Below 200 DMA” published on August 18, 2017, Prnewswire.com published: “Extra Space Storage Inc. Provides Hurricane Irma Update” on September 14, 2017. More interesting news about Extra Space Storage, Inc. (NYSE:EXR) were released by: Prnewswire.com and their article: “Extra Space Storage Inc. Provides Hurricane Harvey Update” published on August 31, 2017 as well as Prnewswire.com‘s news article titled: “Extra Space Storage Inc. Announces 3rd Quarter 2017 Dividend” with publication date: August 25, 2017.

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