At the time of writing, Extra Space Storage Inc. [EXR] stock is trading at $160.69, down -0.73%. An important factor to consider is whether the stock is rising or falling in short-term value. The EXR shares have lost -3.91% over the last week, with a monthly amount glided 2.22%, 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.
For the past year, the stock price of Extra Space Storage Inc. fluctuated between $101.19 and $171.46. Currently, Wall Street analysts expect the stock to reach $178.71 within the next 12 months. Extra Space Storage Inc. [NYSE: EXR] shares were valued at $160.69 at the most recent close of the market. An investor can expect a potential return of 11.21% based on the average EXR price forecast.
Analyzing the EXR fundamentals
According to Extra Space Storage Inc. [NYSE:EXR], the company’s sales were 2.86B for trailing twelve months, which represents an 58.94% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.
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 159.10 points at the first support level, and at 157.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.33, and for the 2nd resistance point, it is at 165.98.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 11.91, the price to book ratio is 2.38 and price to earnings (TTM) ratio is 36.13.
Transactions by insiders
Recent insider trading involved Margolis Joseph D, Chief Executive Officer, that happened on Jul 01 ’24 when 7500.0 shares were sold. Director, Bonner Joseph J completed a deal on Jun 07 ’24 to sell 677.0 shares. Meanwhile, EVP/Chief Legal Officer McNeal Gwyn Goodson sold 1350.0 shares on Mar 08 ’24.
