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Is this Large Market Cap Stock target price reasonable for Extra Space Storage Inc. (NYSE:EXR)?

The company in question is, Extra Space Storage Inc. (NYSE:EXR) currently with a stock price of 89.63 (-0.86% today). The market cap for Extra Space Storage Inc. is 11230.39, and is in the sector Financial, and REIT – Industrial industry. The target price for Extra Space Storage Inc. is 97.16. Currently Extra Space Storage Inc. is trading with a P/E of 51.02, and a forward P/E of 34.88. Average volume for Extra Space Storage Inc. is 959.55 and so far today it is 288919.

Performance in the last year for Extra Space Storage Inc. has been 31.02%. For EPS growth, Extra Space Storage Inc. has seen a growth of 2.20%, and is looking to grow in the next year to 10.30%. More long term stats show that EPS growth has been 39.10% over the last five years and could be 27.30% for the next five years. Extra Space Storage Inc. has seen sales growth quarter over quarter at 32.40%, with EPS growth quarter over quarter at 43.50%. The 20-day simple moving average is -1.37%, with the 200-day simple moving average coming to 3.98%.

Since the IPO date for Extra Space Storage Inc. on the 8/16/2004, Extra Space Storage Inc. has seen performance year to date to be 4.11%. With Extra Space Storage Inc. trading at 89.63, the dividend yield is 3.45%, and the EPS is 1.77.

So could Extra Space Storage Inc., be undervalued? Well as said before P/E is 51.02. The PEG is 1.87, P/S is 13.39 and the P/B is at 5.26. The P/cash is 225.51, with P/free cash flow at *TBA.

Extra Space Storage Inc. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 1.72, and total debt/equity at 1.72.

In terms of margins, Extra Space Storage Inc. has a gross margin of 72.30%, an operating margin of 37.10% and a profit margin of 26.00%.Payout ratio for Extra Space Storage Inc. is 132.20%. Return on assets come to 3.80% with return on investment coming to 5.00%.

Insider ownership for Extra Space Storage Inc., is at 1.80% and institutional ownership comes to 98.70%. Outstanding shares are at 124.23. While shares float is 120.34. The float short is currently 2.15%, and short ratio is 2.7.

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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Peter Clarke

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