The closing price of Extra Space Storage Inc. (NYSE: EXR) was $138.40 for the day, up 0.24% from the previous closing price of $138.07. In other words, the price has increased by $+0.33 from its previous closing price. On the day, 839222 shares were traded.
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Ratios:
Our analysis of EXR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 295.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.76. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.74.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Scotiabank on February 13, 2024, initiated with a Sector Underperform rating and assigned the stock a target price of $131.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $141.
Morgan Stanley Upgraded its Underweight to Equal-Weight on December 21, 2023, whereas the target price for the stock was revised from $115 to $150.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 08 ’24 when McNeal Gwyn Goodson sold 1,350 shares for $150.00 per share. The transaction valued at 202,500 led to the insider holds 35,678 shares of the business.
McNeal Gwyn Goodson sold 1,350 shares of EXR for $195,750 on Mar 07 ’24. The EVP/Chief Legal Officer now owns 37,028 shares after completing the transaction at $145.00 per share. On Mar 04 ’24, another insider, Sondhi Samrat, who serves as the Executive VP and CMO of the company, sold 2,048 shares for $146.46 each. As a result, the insider received 299,950 and left with 94,126 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EXR now has a Market Capitalization of 29.21B and an Enterprise Value of 40.37B. As of this moment, Extra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.26, and their Forward P/E ratio for the next fiscal year is 29.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.44 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 15.77 whereas that against EBITDA is 22.23.
Stock Price History:
The Beta on a monthly basis for EXR is 0.74, which has changed by -7.45% over the last 52 weeks, in comparison to a change of 31.54% over the same period for the S&P500. Over the past 52 weeks, EXR has reached a high of $165.85, while it has fallen to a 52-week low of $101.19. The 50-Day Moving Average of the stock is 145.13, while the 200-Day Moving Average is calculated to be 136.38.
Shares Statistics:
EXR traded an average of 1.18M shares per day over the past three months and 1.21M shares per day over the past ten days. A total of 211.28M shares are outstanding, with a floating share count of 209.30M. Insiders hold about 1.07% of the company’s shares, while institutions hold 100.80% stake in the company. Shares short for EXR as of Feb 29, 2024 were 4.34M with a Short Ratio of 3.67, compared to 4.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.05% and a Short% of Float of 2.50%.
Dividends & Splits
With its trailing 12-month dividend rate of 6.48, EXR has a forward annual dividend rate of 6.48. Against a Trailing Annual Dividend Yield of 4.69%, it implies a Forward Annual Dividend Yield of 4.69%. The stock’s 5-year Average Dividend Yield is 3.22.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.99 for the current quarter, with a high estimate of $1.02 and a low estimate of $0.93, while EPS last year was $1.37. The consensus estimate for the next quarter is $1.05, with high estimates of $1.09 and low estimates of $0.99.
Analysts are recommending an EPS of between $5.44 and $3.98 for the fiscal current year, implying an average EPS of $4.37. EPS for the following year is $4.84, with 9 analysts recommending between $5.73 and $4.23.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $868.5M to a low estimate of $689.35M. As of the current estimate, Extra Space Storage Inc.’s year-ago sales were $433.96M, an estimated increase of 73.40% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $742.36M, an increase of 68.40% less than the figure of $73.40% in the same quarter last year. There is a high estimate of $804.84M for the next quarter, whereas the lowest estimate is $691.6M.
A total of 9 analysts have provided revenue estimates for EXR’s current fiscal year. The highest revenue estimate was $3.24B, while the lowest revenue estimate was $2.79B, resulting in an average revenue estimate of $2.97B. In the same quarter a year ago, actual revenue was $2.22B, up 33.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $3.08B in the next fiscal year. The high estimate is $3.39B and the low estimate is $2.85B. The average revenue growth estimate for next year is up 3.90% from the average revenue estimate for this year.
