Extra Space Storage Rating Lowered to Hold at Jefferies Group (EXR)

By admin | 6 years ago

Extra Space Storage (NYSE: EXR) was downgraded by equities researchers at Jefferies Group (NYSE: JEF) from a “buy” rating to a “hold” rating in a report issued on Thursday.

Shares of Extra Space Storage traded up 0.84% during mid-day trading on Thursday, hitting $30.14. Extra Space Storage has a one year low of $17.29 and a one year high of $30.82. The company has a market cap of $2.865 billion and a P/E ratio of 45.08.

Extra Space Storage last issued its quarterly earnings data on Monday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts predict that Extra Space Storage will post $0.38 earnings per share next quarter.

A number of other analysts have also recently weighed in on EXR. Analysts at ISI Group raised their price target on shares of Extra Space Storage to $32.00 in a research note to investors on Tuesday, May 1st. Analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Extra Space Storage in a research note to investors on Tuesday, April 17th. They now have a $28.00 price target on the stock, up previously from $27.00.

Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT).

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