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A statement released earlier today by RBC Capital Markets about Extra Space Storage Inc. (NYSE:EXR) bumps the target price to $84.00

RBC Capital Markets raised the target price of Extra Space Storage Inc. (NYSE:EXR) to $84.00 indicating a possible downside of -0.02%.

Yesterday Extra Space Storage Inc. (NYSE:EXR) traded -0.57% lower at $86.14. The company’s 50-day average is $77.77 and its two hundred day average is $76.89. With the last stock price close up 2.61% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Volume of trade was down over the average, with 420,719 shares of EXR changing hands under the typical 1,064,300

Performance Chart

Extra Space Storage Inc. (NYSE:EXR)

With a total market value of $0, Extra Space Storage Inc. has price-earnings ratio of 26.96 with a one year low of $68.09 and a one year high of $83.23 .

A total of 15 equity analysts have released a ratings update on EXR. Five equity analysts rating the company a strong buy, five equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $97.10.

Brief Synopsis About Extra Space Storage Inc. (NYSE:EXR)

Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company's rental operations activities include rental operations of stores in which it has an ownership interest. The Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company's property management, acquisition and development activities include managing, acquiring, developing and selling stores. The Company's interest in its stores is held through its operating partnership, Extra Space Storage LP (the Operating Partnership). Its primary assets are general partner and limited partner interests in the Operating Partnership.

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