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Extra Space Storage (NYSE:EXR) target price raised to $84.00, issued a report today by RBC Capital

Yesterday Extra Space Storage (NYSE:EXR) traded -0.57% lower at $81.59. The company’s 50-day moving average is $77.77 and its 200-day moving average is $76.89. The last closing price is up 2.61% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time period. 420,719 shares of the stock traded hands, down from an average trading volume of 1,064,300

Extra Space Storage (NYSE:EXR) had its target bumped up to $84.00 by RBC Capital in a report released Tuesday November 14, 2017. The new target price indicates a potential upside of 0.03% from the company's last closing price.

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Extra Space Storage (NYSE:EXR)

Extra Space Storage has a 52 week low of $68.09 and a 52 week high of $83.23 with a P/E ratio of 26.96 The company’s market cap is currently $0.

In addition to RBC Capital reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is $97.10 with 5 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Extra Space Storage (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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