Trading Day Triumph: Extra Space Storage Inc. (EXR) Ends at 170.96, a 0.92 Surge/Plunge

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Extra Space Storage Inc. (NYSE: EXR) closed the day trading at $170.96 up 0.92% from the previous closing price of $169.40. In other words, the price has increased by $0.92 from its previous closing price. On the day, 1.26 million shares were traded. EXR stock price reached its highest trading level at $171.56 during the session, while it also had its lowest trading level at $169.86.

Ratios:

For a better understanding of EXR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 470.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.21. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.81.

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 the company, Jefferies on September 18, 2024, Upgraded its rating to Buy and sets its target price to $204 from $162 previously.

On September 10, 2024, RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and target price of $180.

BofA Securities Downgraded its Neutral to Underperform on August 05, 2024, whereas the target price for the stock was revised from $172 to $155.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 01 ’24 when Margolis Joseph D sold 7,500 shares for $178.52 per share. The transaction valued at 1,338,900 led to the insider holds 24,190 shares of the business.

COVE HOLLOW LANE II bought 7,500 shares of EXR for $1,351,425 on Oct 01 ’24. On Sep 13 ’24, another insider, Woolley Kenneth M., who serves as the Director of the company, sold 6,647 shares for $177.23 each. As a result, the insider received 1,178,048 and left with 404,306 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 37705228288 and an Enterprise Value of 48475238400. As of this moment, Extra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.67, and their Forward P/E ratio for the next fiscal year is 36.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.48 while its Price-to-Book (P/B) ratio in mrq is 2.56. Its current Enterprise Value per Revenue stands at 15.057 whereas that against EBITDA is 22.098.

Stock Price History:

Over the past 52 weeks, EXR has reached a high of $184.87, while it has fallen to a 52-week low of $101.19. The 50-Day Moving Average of the stock is -1.03%, while the 200-Day Moving Average is calculated to be 10.74%.

Shares Statistics:

Over the past 3-months, EXR traded about 942.16K shares per day on average, while over the past 10 days, EXR traded about 1121150 shares per day. A total of 211.28M shares are outstanding, with a floating share count of 209.06M. Insiders hold about 1.36% of the company’s shares, while institutions hold 99.29% stake in the company. Shares short for EXR as of 1726185600 were 4604843 with a Short Ratio of 4.89, compared to 1723680000 on 3881506. Therefore, it implies a Short% of Shares Outstanding of 4604843 and a Short% of Float of 2.97.

Dividends & Splits

EXR’s forward annual dividend rate is 6.48, up from 6.48 a year ago. Against a Trailing Annual Dividend Yield of 0.03825266The stock’s 5-year Average Dividend Yield is 3.25.

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