Extra Space Storage Inc. (EXR) concluded trading on 01/11/24 at a closing price of $150.74, with 2.67 million shares of worth about $403.05 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.40% during that period and on Thursday the price saw a loss of about -3.89%. Currently the company’s common shares owned by public are about 211.28M shares, out of which, 209.08M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 16 analysts are covering the EXR stock and their offered price forecasts bring an average price target of $161.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $187.00 and could fall to a lowest price of $141.00. The stock’s current price level is 6.37% above of average price target set by the analysts, while a rise to estimated low would result in loss of -6.91% for the stock. However, touching the estimated high of $187.00 would mean a gain of 19.39% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 80 times over the past 12 months. They bought 265,540 shares in 35 of the transactions. In 45 selling transactions, insiders dumped 83,869 shares.
Extra Space Storage Inc. (NYSE: EXR) started trading at $155.82, below -$1.02 from concluding price of the previous day. However, the stock later moved at a day high price of 155.82, or with a loss of -3.89%. Stock saw a price change of -3.96% in past 5 days and over the past one month there was a price change of 9.14%. Year-to-date (YTD), EXR shares are showing a performance of -5.98% which increased to 2.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $101.19 but also hit the highest price of $170.30 during that period. The average intraday trading volume for Extra Space Storage Inc. shares is 1.37 million. The stock is currently trading -3.36% below its 20-day simple moving average (SMA20), while that difference is up 10.35% for SMA50 and it goes to 8.87% higher than SMA200.
Extra Space Storage Inc. (NYSE: EXR) currently have 211.28M outstanding shares and institutions hold larger chunk of about 99.24% of that.
The stock has a current market capitalization of $31.85B and its 3Y-monthly beta is at 0.76. PE ratio of stock for trailing 12 months is 27.79, while it has posted earnings per share of $5.42 in the same period. Its PEG reads 4.63 while making debt-to-equity ratio of 0.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EXR, volatility over the week remained 2.43% while standing at 2.48% over the month.
Stock’s fiscal year EPS is expected to drop by -22.90% while it is estimated to increase by 5.10% in next year. EPS is likely to shrink at an annualized rate of 6.00% for next 5-years, compared to annual growth of 11.23% made by the stock over the past 5-years.
Analysts at 16 brokerage firms have issued recommendations for the Extra Space Storage Inc. (EXR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.12. Out of those 16 Wall Street analysts, 7 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on December 21, 2023 offering an Equal-weight rating for the stock and assigned a target price range of between $115 and $150 to it.
