The price-to-earnings ratio for Extra Space Storage Inc. (NYSE: EXR) is 46.14x, which is above its average ratio. Moreover, the 36-month beta value for EXR is 0.87. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for EXR is 209.05M and currently, short sellers hold a 2.20% of that float. On September 27, 2024, EXR’s average trading volume was 919.54K shares.
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EXR) stock’s latest price update
The stock of Extra Space Storage Inc. (NYSE: EXR) has decreased by -2.61 when compared to last closing price of 181.34. Despite this, the company has experienced a -1.93% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-24 that SALT LAKE CITY, Sept. 24, 2024 /PRNewswire/ — Extra Space Storage Inc. (the “Company”) (NYSE: EXR) announced today it will release financial results for the three and six months ended Sept 30, 2024 on Tuesday, October 29, 2024 after the market closes.
EXR’s Market Performance
Extra Space Storage Inc. (EXR) has experienced a -1.93% fall in stock performance for the past week, with a -0.94% drop in the past month, and a 13.40% rise in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 1.99% for EXR. The simple moving average for the last 20 days is -0.64% for EXR stock, with a simple moving average of 15.32% for the last 200 days.
Analysts’ Opinion of EXR
Many brokerage firms have already submitted their reports for EXR stocks, with Jefferies repeating the rating for EXR by listing it as a “Buy.” The predicted price for EXR in the upcoming period, according to Jefferies is $204 based on the research report published on September 18, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see EXR reach a price target of $180. The rating they have provided for EXR stocks is “Sector Perform” according to the report published on September 10th, 2024.
BofA Securities gave a rating of “Underperform” to EXR, setting the target price at $155 in the report published on August 05th of the current year.
EXR Trading at 3.36% from the 50-Day Moving Average
After a stumble in the market that brought EXR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.47% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +1.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.24% upper at present.
During the last 5 trading sessions, EXR fell by -1.93%, which changed the moving average for the period of 200-days by +27.35% in comparison to the 20-day moving average, which settled at $177.84. In addition, Extra Space Storage Inc. saw 10.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EXR starting from Woolley Kenneth M., who sale 6,647 shares at the price of $177.23 back on Sep 13 ’24. After this action, Woolley Kenneth M. now owns 404,306 shares of Extra Space Storage Inc., valued at $1,178,048 using the latest closing price.
Woolley Kenneth M., the Director of Extra Space Storage Inc., proposed sale 6,647 shares at $177.23 during a trade that took place back on Sep 13 ’24, which means that Woolley Kenneth M. is holding shares at $1,178,048 based on the most recent closing price.
Stock Fundamentals for EXR
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 0.73 for the gross margin
The net margin for Extra Space Storage Inc. stands at 0.25. The total capital return value is set at 0.05. Equity return is now at value 9.20, with 4.00 for asset returns.
Based on Extra Space Storage Inc. (EXR), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 35.76.
Currently, EBITDA for the company is 1.74 billion with net debt to EBITDA at 5.45. When we switch over and look at the enterprise to sales, we see a ratio of 15.55. The receivables turnover for the company is 2.42for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To wrap up, the performance of Extra Space Storage Inc. (EXR) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
