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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 – Industrial 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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