A share price of Extra Space Storage Inc. [EXR] is currently trading at $177.70, down -0.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The EXR shares have gain 5.01% over the last week, with a monthly amount glided 7.95%, 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 August 05, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $155 from $172. Previously, Raymond James downgraded its rating to Outperform on March 28, 2024, and kept the price target unchanged to $160. On March 27, 2024, Barclays initiated with a Overweight rating and assigned a price target of $157 on the stock. Scotiabank started tracking the stock assigning a Sector Underperform rating and suggested a price target of $131 on February 13, 2024. Deutsche Bank initiated its recommendation with a Hold and recommended $141 as its price target on January 30, 2024. Morgan Stanley upgraded its rating to Equal-Weight for this stock on December 21, 2023, and upped its price target to $150. In a note dated December 12, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $120 to $155.
Extra Space Storage Inc. experienced fluctuations in its stock price throughout the past year between $101.19 and $178.63. Currently, Wall Street analysts expect the stock to reach $168.5 within the next 12 months. Extra Space Storage Inc. [NYSE: EXR] shares were valued at $177.70 at the most recent close of the market. An investor can expect a potential drop of -5.18% based on the average EXR price forecast.
Analyzing the EXR fundamentals
Trailing Twelve Months sales for Extra Space Storage Inc. [NYSE:EXR] were 3.16B which represents 58.52% growth. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 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 0.81.
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 176.66 points at the first support level, and at 175.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 178.98, and for the 2nd resistance point, it is at 180.27.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 11.93, the price to book ratio is 2.66 and price to earnings (TTM) ratio is 46.43.
Transactions by insiders
Recent insider trading involved McNeal Gwyn Goodson, EVP/Chief Legal Officer, that happened on Aug 23 ’24 when 2823.0 shares were sold. Officer, McNeal Gwyn Goodson completed a deal on Aug 23 ’24 to buy 2823.0 shares. Meanwhile, Chief Executive Officer Margolis Joseph D sold 7500.0 shares on Jul 01 ’24.
