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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 76 (-0.11% today). The market cap for Extra Space Storage Inc. is 9397.4, and is in the sector Financial, and REIT – Industrial industry. The target price for Extra Space Storage Inc. is 92.33. Currently Extra Space Storage Inc. is trading with a P/E of 38.76, and a forward P/E of 29.57. Average volume for Extra Space Storage Inc. is 1121.23 and so far today it is 166388.

Performance in the last year for Extra Space Storage Inc. has been 3.33%. For EPS growth, Extra Space Storage Inc. has seen a growth of 2.20%, and is looking to grow in the next year to 6.23%. More long term stats show that EPS growth has been 39.10% over the last five years and could be 5.40% 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 -4.23%, with the 200-day simple moving average coming to -10.96%.

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 -11.50%. With Extra Space Storage Inc. trading at 76, the dividend yield is 4.10%, and the EPS is 1.96.

So could Extra Space Storage Inc., be undervalued? Well as said before P/E is 38.76. The PEG is 7.18, P/S is 10.48 and the P/B is at 4.49. The P/cash is 228.65, 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 1.00% and institutional ownership comes to 99.10%. Outstanding shares are at 123.52. While shares float is 120.92. The float short is currently 2.78%, and short ratio is 2.99.

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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Tony Dabbs

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