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Extra Space Storage Inc. (NYSE: EXR) – Is this large market cap stock undervalued?

Extra Space Storage Inc. (NYSE: EXR), is firmly in the large market cap category with market cap of 10265.72. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Extra Space Storage Inc. is 81.61 (with a change from open of 0.92%), this in conjunction with a target price of 92.33. Volume today has so far reached 602900, with an average volume of about 1117.66. The GAP for this stock, is -0.01%.

The P/E ratio is 41.57, bringing the forward P/E to a value of 31.41. The current EPS for Extra Space Storage Inc., is 1.96, with a EPS growth for this year coming to a value of 2.20%. Performance has been interesting with performance year to date coming to -5.07%.

Looking further into the growth statistics for Extra Space Storage Inc., EPS is looking like it will grow 7.22% in the next year. Looking even further it is projected to be 5.40%. Quarter over quarter is 40.90% for EPS growth and for sales growth quarter over quarter it is 31.40%. Looking at past EPS growth statistics we see that for the past five years it has been 39.10%. Sales growth for the past five years has in fact been 22.70%.

Looking at the ownership, we see that the insider ownership is at 1.00% and institutional ownership is 98.50%. Shares outstanding is 125.79, while shares float is at a value of 120.92. Float short for Extra Space Storage Inc. is 2.22% and the short ratio is 2.4.

In terms of debt, long term debt/equity is 1.8, while the total debt/equity comes to 1.8. The ability to meet these debts, means that the current ratio is *TBA, and the quick ratio is *TBA. The most recent gross margin is 72.40% and their operating margin is 37.90%. The profit margin is 27.30%.

Extra Space Storage Inc. has seen returns on assets of 4.00%, and on investment, 5.00%. Return on equity is 11.60%. Price/Earnings to growth ratio is 7.7. Price/Sales ratio is at a value of 11.45, with Price/book ratio coming to 4.82 and Price/cash is 249.77, and finally Price/Free cash Flow is *TBA.

The simple moving averages are -0.60% and -4.99% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -12.76% and the 52 week low is 12.78%.

Extra Space Storage Inc. has a dividend yield of 3.82%, with a current price of 81.61. The ability to pay this means the payout ratio is 129.00%. This is in an industry, REIT – Industrial, with equally high dividends from other companies in this sector, which it is Financial. Extra Space Storage Inc. is based in USA.

Performance in the REIT – Industrial industry means that Extra Space Storage Inc. has seen performance for the past week of 5.10%, with performance for the month coming to 2.29%. Looking at the data for the quarter it is at a value of -9.78%, and for the half year the performance is 10.07%. Volatility for this week is 2.08% and for the month this is 1.78%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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