Extra Space Storage Inc. (NYSE:EXR) went down by -0.65% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the REIT – Industrial giant went up by $96.99 to trade ended Wednesday trading at $97.62. This is down from the $97.62 price recorded on Tuesday’s trading session. Thanks to this latest performance, EXR is closer to the higher price 52-week target of $117.00 and further from the lowest price target of $68.00. Its performance from the start of the year has also been negative, with EXR down by -8.17% year-to-date.
Extra Space Storage Inc. (EXR) started the day trading at $98.18 and recorded an intraday high of $98.66. It also recorded an intraday low of $96.28 during Wednesday’s trading session. Extra Space Storage Inc. is a very active stock that recorded a trading volume that is less than -100.85% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 637301, which is less than -100.85 of the total average daily trading volume of 1.28 million.
Extra Space Storage Inc. (NYSE:EXR) 2020 Performance Impressive
The increase in EXR’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of EXR currently stands at $124.46, which is higher than the current trading price of the stock by 22.07%. However, EXR’s current trading price is -33.41% lower than the 52-week low price of $72.70. In terms of trading volume, Extra Space Storage Inc. currently experienced healthy participation during the last trading session. 637301 shares of Extra Space Storage Inc. were traded on the stock exchange on Wednesday, which is less than -100.85% of the 1.28 million average trading volume of the stock.
The performance of the stock has been positive over the past year. EXR’s performance over the past one year has seen it plunge by -10.48%, while the stock has gone down by -6.05% in the last six months. The quarterly performance of EXR currently stands at 7.80%, and it is up by 11.32% in the last month. The only negative figure was from the weekly performance, which currently reads -3.65%. At the time of writing EXR’s report, the company has a total market cap of $12.18B, making it one of the largest publicly-traded companies in the world.Extra Space Storage Inc. also has over 4048 employees all over the world.
EXR Insider Activities
The insider transactions over the past six months are down by -5.20%.For Extra Space Storage Inc. insiders bought 173,169 shares in 26 transactions. In that same period, insiders sold 387,863 of their shares in 46 transactions. After these transactions, insiders at Extra Space Storage Inc. now hold 3.31M shares, which is over 103.27% of the total company stocks. Institutional investors currently hold a large chunk of the EXR shares, as they control 2.56% of the company’s total stock.
EXR Fundamental Analysis
For Extra Space Storage Inc., the stock’s diluted earnings per share (EPS) stands at 3.33. In the coming year, analysts expect the EPS to be 3.13. The EPS growth will up over the next five years to 6.00% after surging by 16.10% in the previous five years. In terms of revenue, Extra Space Storage Inc.’s quarterly sales (YOY) is growing at 0.73, which is lower than the average annual revenue of 16.10% over the past half a decade.
The Return on Investment (ROI) on Extra Space Storage Inc.’s stock currently stands at 8.20%, and it has a net profit margin of 32.50%. The operating margin of the company is 48.40%, and its gross margin is 71.70%.
EXR Analysts Prediction
Analysts at Morgan Stanley believe that EXR is Underweight, and they have a price target of between $93 and $105.
At the moment, Extra Space Storage Inc.’s Total Debt to Equity ratio stands at 2.14, and they have a long-term Debt to Equity ratio of 2.14.
EXR Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of EXR currently stands at 0.56%, while the SMA50 is 4.46%. The biggest one is the SMA200, which is currently reading -6.92% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 52.69, while its price to earnings ratio (P/E) is 29.10.