A share price of Extra Space Storage Inc. [EXR] is currently trading at $156.99, down -0.13%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EXR shares have lost -1.44% over the last week, with a monthly amount glided 10.11%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Extra Space Storage Inc. [NYSE: EXR] stock has seen the most recent analyst activity on March 28, 2024, when Raymond James downgraded its rating to a Outperform but kept the price target unchanged to $160 for it. Previously, Barclays started tracking the stock with Overweight rating on March 27, 2024, and set its price target to $157. On February 13, 2024, Scotiabank initiated with a Sector Underperform rating and assigned a price target of $131 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $141 on January 30, 2024. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $150 on December 21, 2023. Wells Fargo upgraded its rating to Overweight for this stock on December 12, 2023, and upped its price target to $155. In a note dated October 30, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $155 to $119.
Extra Space Storage Inc. experienced fluctuations in its stock price throughout the past year between $101.19 and $164.99. 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 $156.99 at the most recent close of the market. An investor can expect a potential return of 15.93% based on the average EXR price forecast.
Analyzing the EXR fundamentals
Trailing Twelve Months sales for Extra Space Storage Inc. [NYSE:EXR] were 2.86B which represents 58.94% growth. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 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 0.78.
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 155.76 points at the first support level, and at 154.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.88, and for the 2nd resistance point, it is at 158.76.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 11.63, the price to book ratio is 2.32 and price to earnings (TTM) ratio is 35.30.
Transactions by insiders
Recent insider trading involved Bonner Joseph J, Director, that happened on Jun 07 ’24 when 677.0 shares were sold. EVP/Chief Legal Officer, McNeal Gwyn Goodson completed a deal on Mar 08 ’24 to sell 1350.0 shares. Meanwhile, EVP/Chief Legal Officer McNeal Gwyn Goodson sold 1350.0 shares on Mar 07 ’24.
