The stock of Extra Space Storage Inc (EXR) has seen a -10.43% decrease in the past week, with a -13.99% drop in the past month, and a -21.10% decrease in the past quarter. The volatility ratio for the week is 2.84%, and the volatility levels for the past 30 days are at 2.18% for EXR. The simple moving average for the past 20 days is -12.37% for EXR’s stock, with a -10.31% simple moving average for the past 200 days.
Is It Worth Investing in Extra Space Storage Inc (NYSE: EXR) Right Now?
Extra Space Storage Inc (NYSE: EXR) has a higher price-to-earnings ratio of 37.71x compared to its average ratio. EXR has 36-month beta value of 0.93. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for EXR is 209.11M, and currently, short sellers hold a 1.74% ratio of that float. The average trading volume of EXR on December 20, 2024 was 964.36K shares.
EXR) stock’s latest price update
The stock price of Extra Space Storage Inc (NYSE: EXR) has plunged by -3.60 when compared to previous closing price of 147.66, but the company has seen a -10.43% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-19 that The real estate cycle will finally transition from the “Recession” phase to the “Recovery” phase in 2025. Muted supply growth will be the silver-lining to the brutal three-year bear market. False Start: REITs surged 20% leading up to the Fed’s initial “jumbo” interest rate cut in September, but have hit the skids once again since the rate cuts actually began. Historically Cheap: REITs have underperformed the S&P 500 by a whopping 45 percentage points since the start of the Fed hiking cycle in 2022 – a historically remarkable underperformance gap.
Analysts’ Opinion of EXR
Many brokerage firms have already submitted their reports for EXR stocks, with Wells Fargo repeating the rating for EXR by listing it as a “Equal Weight.” The predicted price for EXR in the upcoming period, according to Wells Fargo is $175 based on the research report published on October 21, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see EXR reach a price target of $204, previously predicting the price at $162. The rating they have provided for EXR stocks is “Buy” according to the report published on September 18th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to EXR, setting the target price at $180 in the report published on September 10th of the current year.
EXR Trading at -13.65% 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 -23.00% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares sank -13.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.24% lower at present.
During the last 5 trading sessions, EXR fell by -10.43%, which changed the moving average for the period of 200-days by -1.17% in comparison to the 20-day moving average, which settled at $162.44. In addition, Extra Space Storage Inc saw -11.21% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EXR starting from Olmstead Diane, who sale 3,081 shares at the price of $164.56 back on Nov 15 ’24. After this action, Olmstead Diane now owns 5,877 shares of Extra Space Storage Inc, valued at $507,009 using the latest closing price.
Margolis Joseph D, the Chief Executive Officer of Extra Space Storage Inc, sale 7,500 shares at $178.52 during a trade that took place back on Oct 01 ’24, which means that Margolis Joseph D is holding 24,190 shares at $1,338,900 based on the most recent closing price.
Stock Fundamentals for EXR
Current profitability levels for the company are sitting at:
- 0.42 for the present operating margin
- 0.67 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 5.65, with 2.90 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 0.82. The interest coverage ratio of the stock is 2.29.
Currently, EBITDA for the company is 1.79 billion with net debt to EBITDA at 5.53. When we switch over and look at the enterprise to sales, we see a ratio of 13.09. The receivables turnover for the company is 2.81for trailing twelve months and the total asset turnover is 0.12.
Conclusion
To put it simply, Extra Space Storage Inc (EXR) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
