Economy

Stocks Reach Important Points: Extra Space Storage Inc. (EXR), FNB Corporation (FNB)

The last close places the company's stock about $0.98 off its 52 week high of $83.23 and $14.16 above the 52 week low of $68.09. The shares were sold at an average price of $78.31, for a total transaction of $1,566,200.00. Over the past week, Extra Space Storage Inc. Current price places the company's stock 8.32% away from its 200-day simple moving average, 6.26%, away from the 50-day average and also 6.57% away from 20-day average. Zacks Investment Research downgraded Extra Space Storage from a "hold" rating to a "sell" rating in a research note on Tuesday, January 10th. The company was downgraded on Friday, August 28 by Zacks. The firm earned "Hold" rating on Monday, August 7 by RBC Capital Markets.

On July 20 the company was rated "Neutral" according to a Bank of America report a cut from the previous "Buy" rating. The firm earned "Hold" rating on Friday, April 28 by RBC Capital Markets. (NYSE:EXR) has "Hold" rating given on Monday, July 10 by Jefferies. Cantor Fitzgerald reaffirmed a "hold" rating and set a $77.00 price objective on shares of Extra Space Storage in a report on Friday, September 1st. The company has market cap of $26.17 million. The Firm is a closed-end, externally managed and non-diversified investment company. It has a 27.33 P/E ratio. Evercore maintained the shares of EXR in report on Tuesday, September 8 with "Hold" rating. Tortoise Investment Mngmt Ltd Liability Company holds 543 shares or 0.02% of its portfolio. (NYSE:EXR). Fisher Asset Mngmt Ltd invested in 0.05% or 367,361 shares. The Delaware-based Blackrock Advisors Llc has invested 0% in the stock. Finally, Canada Pension Plan Investment Board boosted its holdings in Extra Space Storage by 1,571.4% during the first quarter. Looking back further, Affiliated Managers Group, Inc. stock has been 8.21% over the last six months, and 21.99% since the start of the calendar year. The rating was initiated by BB&T Capital with "Underweight" on Wednesday, November 11. It has outperformed by 2.55% the S&P500.

Extra Space Storage Inc.is a self-administered and self-managed real estate investment trust. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The short-interest ratio increased to 10.0 and the percentage of shorted shares is 0.10% as of August 15. The real estate investment trust reported $1.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.05 by $0.04. It is positive, as 37 investors sold Extra Space Storage, Inc. shares while 132 reduced holdings.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXR. 125.87 million shares or 2.06% more from 123.33 million shares in 2016Q3 were reported. (NYSE:EXR). Gulf Int Fincl Bank (Uk) Limited owns 37,560 shares or 0.04% of their United States portfolio.

Amp has invested 0.71% in Extra Space Storage, Inc. (NYSE:EXR). Tower Research Capital Ltd Llc (Trc) holds 2,095 shares. This represents a $3.12 annualized dividend and a dividend yield of 3.91%. Riverhead Capital Management Ltd Llc accumulated 19,133 shares. Analysts, on average, seem bearish as they suggest EXR is worth $-0.98 less, giving a target price of $81.27 a share. 1St Glob Advisors has invested 0.09% of its portfolio in Extra Space Storage, Inc. Gotham Asset Mngmt Limited Liability Corporation invested in 4,813 shares. Old Natl Comml Bank In stated it has 111,258 shares or 0.49% of all its holdings. (NYSE:EXR) shares ended at $82.25 with 1.28 mln shares exchanging hands. Extra Space Storage makes up approximately 1.7% of Marietta Investment Partners LLC's investment portfolio, making the stock its 24th largest position. Ibio Inc (IBIO) has declined 45.59% since September 11, 2016 and is downtrending. Jpmorgan Chase & Co accumulated 492,537 shares or 0.01% of the stock.

Since March 16, 2017, it had 0 buys, and 4 selling transactions for $3.21 million activity. On Monday, April 3 Kirk Spencer sold $1.50M worth of Extra Space Storage, Inc. The insider OVERTURF JAMES sold 1,300 shares worth $97,769. The stock now has an average rating of "Hold" and an average price target of $88.36.

Analysts predict that Extra Space Storage Inc (NYSE:EXR) will post $1.10 earnings per share (EPS) for the current quarter, Zacks reports. (NYSE:EXR) moved -3.06% from the recent close and now pricing at $79.73. It has underperformed by 31.47% the S&P500.The move comes after 9 months negative chart setup for the $10.04 billion company.

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