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Extra Space Storage Inc. (EXR) – Don’t Be So Quick to Call it Dead

Extra Space Storage Inc. (NYSE: EXR) is -15.11% lower on its value in year-to-date trading and has touched a low of $101.19 and a high of $164.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EXR stock was last observed hovering at around $135.81 in the last trading session, with the day’s gains setting it 0.29%.

Currently trading at $136.10, the stock is -5.05% and -4.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 0.21% at the moment leaves the stock -0.07% off its SMA200. EXR registered -12.93% loss for a year compared to 6-month gain of 13.90%.

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The stock witnessed a -1.43% loss in the last 1 month and extending the period to 3 months gives it a -8.15%, and is -4.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.46% over the week and 2.35% over the month.

Extra Space Storage Inc. (EXR) has around 7618 employees, a market worth around $28.79B and $2.56B in sales. Current P/E ratio is 27.79 and Fwd P/E is 29.76. Profit margin for the company is 31.32%. Distance from 52-week low is 34.50% and -17.51% from its 52-week high. The company has generated returns on investments over the last 12 months (3.20%).

The EPS is expected to shrink by -11.52% this year

The shares outstanding are 211.28M, and float is at 209.30M with Short Float at 1.86%.

Extra Space Storage Inc. (EXR) Insider Activity

The most recent transaction is an insider sale by McNeal Gwyn Goodson, the company’s EVP/Chief Legal Officer. SEC filings show that McNeal Gwyn Goodson sold 1,350 shares of the company’s common stock on Mar 08 ’24 at a price of $150.00 per share for a total of $0.2 million. Following the sale, the insider now owns 35678.0 shares.

Extra Space Storage Inc. disclosed in a document filed with the SEC on Mar 07 ’24 that McNeal Gwyn Goodson (EVP/Chief Legal Officer) sold a total of 1,350 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $145.00 per share for $0.2 million. Following the transaction, the insider now directly holds 37028.0 shares of the EXR stock.

Still, SEC filings show that on Mar 04 ’24, Sondhi Samrat (Executive VP and CMO) disposed off 2,048 shares at an average price of $146.46 for $0.3 million. The insider now directly holds 94,126 shares of Extra Space Storage Inc. (EXR).

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