Goldman Sachs Group Inc. cut shares of Extra Space Storage (NYSE:EXR) from a conviction-buy rating to a buy rating in a research note released on Tuesday, TheFlyOnTheWall.com reports.
Shares of Extra Space Storage (NYSE:EXR) opened at 46.05 on Tuesday. Extra Space Storage has a one year low of $32.59 and a one year high of $46.07. The stock’s 50-day moving average is $42.59 and its 200-day moving average is $42.06. The company has a market cap of $5.122 billion and a P/E ratio of 35.59.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Thursday, September 12th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie initiated coverage on shares of Extra Space Storage (NYSE:EXR) in a research note to investors on Tuesday, September 10th. They set an outperform rating on the stock. Separately, analysts at Jefferies Group upgraded shares of Extra Space Storage (NYSE:EXR) from a hold rating to a buy rating in a research note to investors on Thursday, September 5th. They now have a $49.00 price target on the stock, up previously from $46.00. Finally, analysts at RBC Capital raised their price target on shares of Extra Space Storage (NYSE:EXR) from $46.00 to $47.00 in a research note to investors on Friday, August 16th. They now have an outperform rating on the stock.
One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $41.58.
In other Extra Space Storage news, VP Grace Kunde sold 1,700 shares of Extra Space Storage stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $44.35, for a total value of $75,395.00. Following the transaction, the vice president now directly owns 7,146 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (NYSE:EXR).
