Extra Space Storage (EXR) Gets a Sell from Scotiabank

Scotiabank analyst Nicholas Yulico maintained a Sell rating on Extra Space Storage (EXR – Research Report) today and set a price target of $131.00. The company’s shares closed yesterday at $134.28.

Yulico covers the Real Estate sector, focusing on stocks such as Healthpeak Properties, Public Storage, and Welltower. According to TipRanks, Yulico has an average return of -1.0% and a 50.42% success rate on recommended stocks.

Currently, the analyst consensus on Extra Space Storage is a Hold with an average price target of $152.50.

Based on Extra Space Storage’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $797.77 million and a net profit of $216.13 million. In comparison, last year the company earned a revenue of $506.72 million and had a net profit of $204.26 million

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXR in relation to earlier this year.

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Extra Space Storage (EXR) Company Description:

Extra Space Storage, Inc. is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rents The Tenant Reinsurance segment consists of reinsurance of risks relating to the loss of good stored by tenants in the firm’s stores. The company was founded by Kenneth Musser Woolley on April 30, 2004 and is headquartered in Salt Lake City, UT.