Extra Space Storage Inc. (NYSE:EXR) saw a downside of -0.65% to close Tuesday at $126.50 after subtracting -$0.83 on the day. The 5-day average trading volume is 1,952,480 shares of the company’s common stock. It has gained $129.32 in the past week and touched a new high 1 time within the past 5 days. An average of 2,231,075 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,181,706.
EXR’s 1-month performance is -13.59% or -$19.57 on its low of $123.67 reached on 08/04/23. The company’s shares have touched a 52-week low of $123.67 and high of $211.59, with the stock’s rally to the 52-week high happening on 03/03/23. YTD, EXR has lost -14.05% or -$20.68 and has reached a new high 11 times. However, the current price is down -40.21% from the 52-week high price.
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Insider Transactions
EXR stock investors last saw insider trading activity on Apr 04.Margolis Joseph D (Chief Executive Officer) most recently sold 5,000 shares at $160.07 per share on Apr 04. This transaction cost the insider $800,350. EVP & COO, Herrington Matthew T, sold 650 shares at a price of $165.75 on Mar 08. Then, on Mar 02, EVP/Chief Legal Officer McNeal Gwyn Goodson sold 1,500 shares at a price of $164.00 per share. This transaction amounted to $246,000.
Valuation Metrics
EXR stock has a beta of 0.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.19 while the price-to-book (PB) in the most recent quarter is 5.24, with the price to cash flow ratio at 169.24.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.30, while the total debt to equity was 2.30.. In terms of profitability, the gross margin trailing 12 months is 75.40%. The firm’s gross profit as reported stood at $1.05 billion against revenue of $1.92 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -14.68% to $202.41 million, while revenue of $196.3 million was 3.02% off the previous quarter. Analysts expected EXR to announce $1.51 per share in earnings in its latest quarter, but it posted $1.5, representing a -0.70% surprise. EBITDA for the quarter stood at more than $355.29 million. Shareholders hold equity totaling $211.28 million.
Let’s look briefly at Extra Space Storage Inc. (EXR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 30.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.21%.
The stock’s 5-day moving average is $127.03, reflecting a -1.89% or -$2.44 change from its current price. EXR is currently trading -12.86% above its 20-day SMA, -18.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.46% and SMA200 by-20.17%.
Stochastic %K and %D was 19.66% and 19.00% and the average true range (ATR) pointed at 2.98. The RSI (14) points at 31.65%, while the 14-day stochastic is at 17.88% with the period’s ATR at 3.26. The stock’s 9-day MACD Oscillator is pointing at -1.46 and -2.41 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Extra Space Storage Inc. (NYSE: EXR), Evercore ISI upgraded it to an Outperform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for EXR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate EXR as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is EXR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $135.00 and a high of $185.00, with their median price target at $161.50. Looking at these predictions, the average price target given by analysts is for Extra Space Storage Inc. (EXR) stock is $161.08.
