Extra Space Storage (EXR) Stock Rating Reconfirmed at KeyBanc; OVERSTOCK.COM (OSTK) Sellers Increased By 13.17% Their Shorts

October 12, 2017 - By Dolores Ford

Among 15 analysts covering Extra Space Storage Inc. (NYSE:EXR), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. Extra Space Storage Inc. has $110 highest and $72 lowest target. $80.73’s average target is -0.82% below currents $81.4 stock price. Extra Space Storage Inc. had 40 analyst reports since July 23, 2015 according to SRatingsIntel. The company was initiated on Monday, September 11 by BMO Capital Markets. Jefferies maintained Extra Space Storage, Inc. (NYSE:EXR) on Friday, June 9 with “Hold” rating. Jefferies maintained it with “Buy” rating and $105 target in Wednesday, August 10 report. The stock of Extra Space Storage, Inc. (NYSE:EXR) has “Hold” rating given on Thursday, July 20 by Bank of America. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, January 3 report. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, March 23. The firm has “Buy” rating given on Friday, August 28 by Zacks. Jefferies maintained the shares of EXR in report on Wednesday, August 5 with “Buy” rating. The stock has “Neutral” rating by Cantor Fitzgerald on Tuesday, May 23. Jefferies maintained Extra Space Storage, Inc. (NYSE:EXR) on Monday, September 18 with “Hold” rating.

OVERSTOCK.COM Incorporated (NASDAQ:OSTK) had an increase of 13.17% in short interest. OSTK’s SI was 2.13M shares in October as released by FINRA. Its up 13.17% from 1.88M shares previously. With 282,300 avg volume, 8 days are for OVERSTOCK.COM Incorporated (NASDAQ:OSTK)’s short sellers to cover OSTK’s short positions. The SI to OVERSTOCK.COM Incorporated’s float is 19.54%. About 793,473 shares traded. Overstock.com, Inc. (NASDAQ:OSTK) has declined 7.99% since October 12, 2016 and is downtrending. It has underperformed by 24.69% the S&P500.

Analysts await Extra Space Storage, Inc. (NYSE:EXR) to report earnings on October, 25. They expect $1.09 EPS, up 6.86% or $0.07 from last year’s $1.02 per share. EXR’s profit will be $137.79 million for 18.67 P/E if the $1.09 EPS becomes a reality. After $1.09 actual EPS reported by Extra Space Storage, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.07, from 1.14 in 2017Q1. It increased, as 40 investors sold Extra Space Storage, Inc. shares while 110 reduced holdings. 40 funds opened positions while 141 raised stakes. 131.45 million shares or 3.11% more from 127.49 million shares in 2017Q1 were reported. Bluecrest Mngmt Ltd accumulated 0.12% or 39,402 shares. Maplelane Capital Lc accumulated 1 shares. Great Lakes Ltd Limited Liability Company owns 5,049 shares or 0.01% of their US portfolio. 14,301 are owned by Fincl Bank Of The West. Colony Group Ltd reported 23,945 shares or 0.13% of all its holdings. Adage Capital Prtn Grp Ltd Llc owns 181,500 shares. Gateway Invest Advisers Limited Co has invested 0.15% in Extra Space Storage, Inc. (NYSE:EXR). Norinchukin State Bank The has 0.01% invested in Extra Space Storage, Inc. (NYSE:EXR) for 8,737 shares. Johnson Counsel reported 10,505 shares or 0.02% of all its holdings. Architects Incorporated has 467 shares for 0.01% of their portfolio. Donaldson Capital Mgmt Ltd Co holds 0.03% or 2,964 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.02% or 32,019 shares in its portfolio. Nuveen Asset Mngmt Ltd Liability Corp holds 0.01% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR) for 14,627 shares. Moreover, Oppenheimer Asset Mgmt Inc has 0.03% invested in Extra Space Storage, Inc. (NYSE:EXR) for 12,778 shares. Etrade Capital Limited Liability Co reported 23,078 shares.

About 713,897 shares traded. Extra Space Storage, Inc. (NYSE:EXR) has declined 14.77% since October 12, 2016 and is downtrending. It has underperformed by 31.47% the S&P500.

Since May 17, 2017, it had 0 buys, and 3 insider sales for $1.71 million activity. OVERTURF JAMES had sold 1,300 shares worth $96,971. Shares for $1.51M were sold by Kirk Spencer on Thursday, June 1.

Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust . The company has market cap of $10.29 billion. The Firm owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. It has a 27.92 P/E ratio. The Firm operates through three divisions: rental operations; tenant reinsurance, and property management, acquisition and development.

Among 2 analysts covering Overstock.com (NASDAQ:OSTK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Overstock.com had 3 analyst reports since May 26, 2016 according to SRatingsIntel. The company was maintained on Wednesday, February 1 by Maxim Group. Maxim Group initiated the shares of OSTK in report on Thursday, May 26 with “Buy” rating. DA Davidson initiated the shares of OSTK in report on Wednesday, September 6 with “Buy” rating.

Investors sentiment decreased to 1.42 in Q2 2017. Its down 0.66, from 2.08 in 2017Q1. It worsened, as 15 investors sold Overstock.com, Inc. shares while 18 reduced holdings. 14 funds opened positions while 33 raised stakes. 10.49 million shares or 1.95% more from 10.29 million shares in 2017Q1 were reported. Thomson Horstmann And Bryant Inc has invested 1.63% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK). Moreover, Armistice Cap Ltd Co has 0.38% invested in Overstock.com, Inc. (NASDAQ:OSTK). Next Financial Group Incorporated invested in 0% or 393 shares. Royal Savings Bank Of Canada stated it has 280 shares or 0% of all its holdings. New York State Common Retirement Fund owns 0% invested in Overstock.com, Inc. (NASDAQ:OSTK) for 26,394 shares. Jane Street Group Lc stated it has 0% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK). Moreover, Group One Trading L P has 0% invested in Overstock.com, Inc. (NASDAQ:OSTK). Intl Grp has invested 0% in Overstock.com, Inc. (NASDAQ:OSTK). Nationwide Fund invested in 12,382 shares. J Goldman & Lp invested in 0.38% or 430,000 shares. Aperio Gru Limited Liability Corp accumulated 16,439 shares. Bank Of New York Mellon Corporation holds 0% in Overstock.com, Inc. (NASDAQ:OSTK) or 76,279 shares. Axa accumulated 10,800 shares. Ameritas Investment Partners has 0% invested in Overstock.com, Inc. (NASDAQ:OSTK). D E Shaw stated it has 368,029 shares or 0.01% of all its holdings.

Overstock.com, Inc. is an online retailer and incubator of blockchain technology. The company has market cap of $746.26 million. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods. It currently has negative earnings. It operates Retail and Medici businesses.

Since May 1, 2017, it had 0 insider purchases, and 2 insider sales for $58,929 activity. JOHNSON JONATHAN E III also sold $8,700 worth of Overstock.com, Inc. (NASDAQ:OSTK) shares. On Friday, May 26 the insider Popelka Brian L. sold $50,229.

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