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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 81.74 (-1.02% today). The market cap for Extra Space Storage Inc. is 10401.78, and is in the sector Financial, and REIT РIndustrial industry. The target price for Extra Space Storage Inc. is 94.93. Currently Extra Space Storage Inc. is trading with a P/E of 42.07, and a forward P/E of 31.42. Average volume for Extra Space Storage Inc. is 1127.39 and so far today it is 310520.

Performance in the last year for Extra Space Storage Inc. has been 8.47%. For EPS growth, Extra Space Storage Inc. has seen a growth of 2.20%, and is looking to grow in the next year to 8.01%. More long term stats show that EPS growth has been 39.10% over the last five years and could be 16.35% for the next five years. Extra Space Storage Inc. has seen sales growth quarter over quarter at 31.40%, with EPS growth quarter over quarter at 40.90%. The 20-day simple moving average is -7.67%, with the 200-day simple moving average coming to -5.74%.

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 -4.89%. With Extra Space Storage Inc. trading at 81.74, the dividend yield is 3.78%, and the EPS is 1.96.

So could Extra Space Storage Inc., be undervalued? Well as said before P/E is 42.07. The PEG is 2.57, P/S is 11.6 and the P/B is at 4.88. The P/cash is 253.08, 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 1.8, and total debt/equity at 1.8.

In terms of margins, Extra Space Storage Inc. has a gross margin of 72.40%, an operating margin of 37.90% and a profit margin of 27.30%.Payout ratio for Extra Space Storage Inc. is 129.00%. Return on assets come to 4.00% with return on investment coming to 5.00%.

Insider ownership for Extra Space Storage Inc., is at 1.80% and institutional ownership comes to 97.60%. Outstanding shares are at 125.96. While shares float is 120.92. The float short is currently 2.34%, and short ratio is 2.51.

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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Mark Hines

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