Extra Space Storage Inc. [EXR] stock prices are up 1.70% to $143.36 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EXR shares have gain 2.36% over the last week, with a monthly amount drifted -0.75%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, Extra Space Storage Inc. Reports 2023 Fourth Quarter and Year-End Results. In a post published today on Yahoo Finance, Extra Space Storage Inc. (NYSE: EXR) (the “Company”), a leading owner and operator of self-storage facilities in the United States and a constituent of the S&P 500, announced operating results for the three months and year ended December 31, 2023.
From an analyst’s perspective:
Extra Space Storage Inc. [NYSE: EXR] stock has seen the most recent analyst activity on February 13, 2024, when Scotiabank initiated its Sector Underperform rating and assigned the stock a price target of $131. Previously, Deutsche Bank started tracking the stock with Hold rating on January 30, 2024, and set its price target to $141. On December 21, 2023, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $150 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $155 on December 12, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $119 on October 30, 2023. Wells Fargo started tracking with a Underweight rating for this stock on October 24, 2023, and assigned it a price target of $115.
The stock price of Extra Space Storage Inc. [EXR] has been fluctuating between $101.19 and $170.30 over the past year. Currently, Wall Street analysts expect the stock to reach $182 within the next 12 months. Extra Space Storage Inc. [NYSE: EXR] shares were valued at $143.36 at the most recent close of the market. An investor can expect a potential return of 26.95% based on the average EXR price forecast.
Analyzing the EXR fundamentals
The Extra Space Storage Inc. [NYSE:EXR] reported sales of 2.56B for trailing twelve months, representing a surge of 57.44%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at 0.48%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.77.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 140.14 points at the first support level, and at 136.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 145.08, and for the 2nd resistance point, it is at 146.79.
Extra Space Storage Inc. [EXR] reported earnings per share of $1.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.21/share, meaning a difference of -$0.19 and a surprise factor of -15.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.96 per share as compared to estimates of $0.72 per share, a difference of $0.24 representing a surprise of 33.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 11.85, the price to book ratio is 2.10 and price to earnings (TTM) ratio is 29.28.
Transactions by insiders
Recent insider trading involved Saffire Joseph, Director, that happened on Dec 14 when 25000.0 shares were sold. Director, Saffire Joseph completed a deal on Dec 13 to sell 15000.0 shares. Meanwhile, Director Saffire Joseph sold 10000.0 shares on Dec 12.
