Extra Space Storage Inc. [NYSE: EXR] stock went on an upward path that rose over 0.86% on Tuesday, amounting to a one-week price decrease of less than -0.20%.
Over the last 12 months, EXR stock rose by 7.19%. The one-year Extra Space Storage Inc. stock forecast points to a potential downside of -6.08. The average equity rating for EXR stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $15.13 billion, with 128.93 million shares outstanding and 125.86 million shares in the current float. Compared to the average trading volume of 931.64K shares, EXR stock reached a trading volume of 1869074 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Extra Space Storage Inc. [EXR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EXR shares is $110.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EXR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Extra Space Storage Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 13, 2020. The new note on the price target was released on October 06, 2020, representing the official price target for Extra Space Storage Inc. stock. Previously, the target price had yet another raise from $105 to $112, while Citigroup kept a Neutral rating on EXR stock.
The Average True Range (ATR) for Extra Space Storage Inc. is set at 2.49, with the Price to Sales ratio for EXR stock in the period of the last 12 months amounting to 11.35. The Price to Book ratio for the last quarter was 6.34, with the Price to Cash per share for the same quarter was set at 0.44. Price to Free Cash Flow for EXR in the course of the last twelve months was 57.88.
EXR Stock Performance Analysis:
Extra Space Storage Inc. [EXR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.20. With this latest performance, EXR shares gained by 3.60% in over the last four-week period, additionally plugging by 39.11% over the last 6 months – not to mention a rise of 7.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EXR stock in for the last two-week period is set at 60.73, with the RSI for the last a single of trading hit 60.82, and the three-weeks RSI is set at 61.39 for Extra Space Storage Inc. [EXR]. The present Moving Average for the last 50 days of trading for this stock 111.24, while it was recorded at 116.13 for the last single week of trading, and 101.37 for the last 200 days.
Insight into Extra Space Storage Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Extra Space Storage Inc. [EXR] shares currently have an operating margin of +33.50 and a Gross Margin at +55.69. Extra Space Storage Inc.’s Net Margin is presently recorded at +31.75.
Return on Total Capital for EXR is now 5.59, given the latest momentum, and Return on Invested Capital for the company is 5.87. Return on Equity for this stock inclined to 16.93, with Return on Assets sitting at 5.12. When it comes to the capital structure of this company, Extra Space Storage Inc. [EXR] has a Total Debt to Total Equity ratio set at 209.69. Additionally, EXR Total Debt to Total Capital is recorded at 67.71, with Total Debt to Total Assets ending up at 62.42. Long-Term Debt to Equity for the company is recorded at 186.19, with the Long-Term Debt to Total Capital now at 60.12.
Reflecting on the efficiency of the workforce at the company, Extra Space Storage Inc. [EXR] managed to generate an average of $103,579 per employee.
EXR Stock EPS
With the latest financial reports released by the company, Extra Space Storage Inc. posted 0.79/share EPS, while the average EPS was predicted by analysts to be reported at 0.81/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EXR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Extra Space Storage Inc. go to 6.00%.
Extra Space Storage Inc. [EXR] Insider Position Details
There are presently around $14,997 million, in the hands of institutional investors. The top three institutional holders of EXR stocks are: VANGUARD GROUP INC with ownership of 20,713,925, which is approximately -1.624% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 14,841,658 shares of the stock with an approximate value of $1.73 billion in EXR stocks shares; and COHEN & STEERS, INC., currently with $1.18 billion in EXR stock with ownership of nearly -1.305% of the company’s market capitalization.
Positions in Extra Space Storage Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 234 institutional holders increased their position in Extra Space Storage Inc. [NYSE:EXR] by around 9,047,739 shares. Additionally, 234 investors decreased positions by around 9,183,392 shares, while 53 investors held positions by with 110,115,262 shares. The mentioned changes placed institutional holdings at 128,346,393 shares, according to the latest SEC report filing. EXR stock had 66 new institutional investments in for a total of 2,132,719 shares, while 51 institutional investors sold positions of 1,303,246 shares during the same period.