At the time of writing, Extra Space Storage Inc. [EXR] stock is trading at $150.60, up 0.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EXR shares have gain 5.62% over the last week, with a monthly amount glided 5.04%, and 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.
For the past year, the stock price of Extra Space Storage Inc. fluctuated between $101.19 and $165.85. 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 $150.60 at the most recent close of the market. An investor can expect a potential return of 20.85% based on the average EXR price forecast.
Analyzing the EXR fundamentals
According to Extra Space Storage Inc. [NYSE:EXR], the company’s sales were 2.56B for trailing twelve months, which represents an 57.44% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.
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 148.04 points at the first support level, and at 145.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 152.16, and for the 2nd resistance point, it is at 153.71.
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 12.45, the price to book ratio is 2.21 and price to earnings (TTM) ratio is 30.75.
Transactions by insiders
Recent insider trading involved McNeal Gwyn Goodson, EVP/Chief Legal Officer, that happened on Mar 08 ’24 when 1350.0 shares were sold. EVP/Chief Legal Officer, McNeal Gwyn Goodson completed a deal on Mar 07 ’24 to sell 1350.0 shares. Meanwhile, Executive VP and CMO Sondhi Samrat sold 2048.0 shares on Mar 04 ’24.
