Extra Space Storage Inc. (NYSE:EXR) has a beta of 0.18, a 12-month trailing P/E ratio of 36.18, and a growth ratio of 6.03. The stock’s Relative Strength Index (RSI) is 79.31, with weekly volatility at 1.35% and ATR at 2.44. The EXR stock’s 52-week price range has touched low of $88.88 and a $159.54 high. Its shares traded higher over the last trading session, gaining 0.37% on 06/10/21. The shares fell to a low of $157.88 before closing at $159.16. Intraday shares traded counted 0.46 million, which was 37.83% higher than its 30-day average trading volume of 741.62K. EXR’s previous close was $158.57 while the outstanding shares total 132.01M.
Investors have identified the REIT – Industrial company Extra Space Storage Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $21.23 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Extra Space Storage Inc. (EXR) Fundamentals that are to be considered.
EXR were able to record 27.34 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by -65.21 million. In cash movements, the company had a total of 203.88 million as operating cash flow.
Potential earnings growth for Extra Space Storage Inc. (EXR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Extra Space Storage Inc. recorded a total of 358.86 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 7.36% coming in sequential stages and their sales for the 08/03/2021 quarter increasing by 1.5%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 117.78 million trying to sell their products during the last quarter, with the result yielding a gross income of 241.07 million. This allows shareholders to hold on to 132.01M with the recently reported earning now reading 1.54 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (1.50 cents a share).
Having a look at the company’s valuation, the company is expected to record 6.28 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on EXR sounds very interesting.
Is the stock of EXR attractive?
In related news, SVP Accounting and Finance, KUNDE GRACE sold 331 shares of the company’s stock in a transaction that recorded on May 14. The sale was performed at an average price of 144.84, for a total value of 47,944. As the sale deal closes, the Director, Kirk Spencer now sold 85,000 shares of the company’s stock, valued at 12,410,000. Also, EVP & COO, Herrington Matthew T sold 860 shares of the company’s stock in a deal that was recorded on May 06. The shares were price at an average price of 146.12 per share, with a total market value of 125,668. Following this completion of acquisition, the Chief Executive Officer, Margolis Joseph D now holds 3,750 shares of the company’s stock, valued at 503,384. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.
9 out of 15 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Extra Space Storage Inc.. 2 analysts has assigned a Sell rating on the EXR stock. The 12-month mean consensus price target for the company’s shares has been set at $153.92.