As of Thursday close, Extra Space Storage Inc.’s (NYSE:EXR) stock was up $2.6, moving up 1.90 percent to $139.45. The average number of shares traded per day over the past five days has been 1,928,300 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.54 fall in that time frame. In the last twenty days, the average volume was 2,897,375, while in the previous 50 days, it was 1,800,850.
Since last month, EXR stock retreated -6.82%. Shares of the company fell to $135.15 on 08/03/23, the lowest level in the past month. A 52-week high of $216.52 was reached on 03/03/23 after having rallying from a 52-week low of $136.15. Since the beginning of this year, EXR’s stock price has dropped by -5.25% or -$7.73, and marked a new high 11 times. However, the stock has declined by -35.59% since its 52-week high.
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EXR stock investors should be aware that Extra Space Storage Inc. (EXR) stock had its last reported insider trading activity 122 days ago on Apr 04. Margolis Joseph D, the Chief Executive Officer of the company, disposed of 5,000 shares for $160.07 on Apr 04. It resulted in a $800,350 divestment by the insider. Herrington Matthew T sold 650 shares at an average price of $165.75 on Mar 08. The insider now owns 6,405 shares following the transaction. On Mar 02, EVP/Chief Legal Officer McNeal Gwyn Goodson sold 1,500 shares at $164.00 apiece. The transaction was valued at $246,000.
Valuation Metrics
Right now, Extra Space Storage Inc. (EXR) has a P/E ratio of about 21.96. The stock’s beta is 0.56. Besides these, the trailing price-to-sales (P/S) ratio of 14.97, the price-to-book (PB) ratio of 5.76.
The latest dividend of $1.01 per share was paid out, which is -37.65% less than last year’s $1.62. On Monday July 3 2023, a $0.61 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 2.25, and the total debt-to-equity ratio was 2.25. On the profitability front, the trailing twelve-month gross margin is 75.60% percent. In the year ended March 30, operating margins totaled 54.40%. Based on annual data, EXR earned $1.05 billion in gross profit and brought in $1.92 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.60%. Return on equity (ROE) for the past 12 months was 26.30%.
In Extra Space Storage Inc.’s quarter-end financial report for March 30, it reported total debt of $5.58 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EXR’s revenue rose 11.83% to $506.72 million during the quarter, while net income inched up to $503.05 million. While analysts expected Extra Space Storage Inc. to report $1.41 quarterly earnings, the actual figure was $1.46 per share, beating the consensus estimate by 3.50%. During the quarter, the company generated $344.64 million in EBITDA. The value of shareholders’ equity is $135.05 million.
Technical Picture
This quick technical analysis looks at Extra Space Storage Inc.’s (EXR) price momentum. With a historical volatility rate of 25.88%, the RSI 9-day stood at 33.36% on 03 August.
With respect to its five-day moving average, the current Extra Space Storage Inc. price is down by -1.79% percent or -$2.54. At present, EXR shares trade -6.06% below its 20-day simple moving average and -9.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.19% below its SMA50 and -13.28% below its SMA200.
Stochastic coefficient K was 8.19% and Stochastic coefficient D was 4.18%, while ATR was 3.53. Given the Stochastic reading of 19.09% for the 14-day period, the RSI (14) reading has been calculated as 36.22%. As of today, the MACD Oscillator reading stands at -3.42, while the 14-day reading stands at -6.40.
Analyst Ratings
Evercore ISI upgraded its rating on Extra Space Storage Inc. (NYSE: EXR) to an Outperform in a note to investors on June 12, 2023. The analysts firm previously had an Underperform rating on the stock.Extra Space Storage Inc. (EXR) has been rated Overweight by analysts. According to 1 brokerage firm, EXR is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Extra Space Storage Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $163.50, the current consensus forecast for the stock is $145.00 – $189.00. Based on these forecasts, analysts predict Extra Space Storage Inc. (EXR) will achieve an average price target of $167.50.
