Stock Updates

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 93.79 (0.97% today). The market cap for Extra Space Storage Inc. is 11806.32, and is in the sector Financial, and REIT – Industrial industry. The target price for Extra Space Storage Inc. is 96.78. Currently Extra Space Storage Inc. is trading with a P/E of 52.42, and a forward P/E of 35.84. Average volume for Extra Space Storage Inc. is 964.17 and so far today it is 186366.

Performance in the last year for Extra Space Storage Inc. has been 35.12%. 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 3.22%, with the 200-day simple moving average coming to 9.13%.

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 6.98%. With Extra Space Storage Inc. trading at 93.79, the dividend yield is 2.54%, and the EPS is 1.77.

So could Extra Space Storage Inc., be undervalued? Well as said before P/E is 52.42. The PEG is 1.92, P/S is 14.08 and the P/B is at 5.41. The P/cash is 237.07, 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 98.60%. Outstanding shares are at 127.1. While shares float is 120.34. The float short is currently 2.15%, and short ratio is 2.69.

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.

About the author

Peter Clarke

Leave a Comment