Extra Space Storage Stock Shares Owned By Institutions

EXR Stock

USD 166.88 1.84 1.11%

Extra Space Storage fundamentals help investors to digest information that contributes to Extra Space's financial success or failures. It also enables traders to predict the movement of Extra Stock. The fundamental analysis module provides a way to measure Extra Space's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Extra Space stock.

Total Stockholder Equity Other Current Liab

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Extra Space Storage Company Shares Owned By Institutions Analysis

Extra Space's Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

Shares Held by Institutions

Funds and Banks

+

Firms

More About Shares Owned By Institutions | All Equity Analysis

Current Extra Space Shares Owned By Institutions

98.72 %

Most of Extra Space's fundamental indicators, such as Shares Owned By Institutions, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Extra Space Storage is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Extra Shares Owned By Institutions Driver Correlations

Understanding the fundamental principles of building solid financial models for Extra Space is extremely important. It helps to project a fair market value of Extra Stock properly, considering its historical fundamentals such as Shares Owned By Institutions. Since Extra Space's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Extra Space's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Extra Space's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Accounts Payable	Long Term Debt	Total Liab	Common Stock	Property Plant Equipment	Net Debt	Retained Earnings	Net Receivables	Total Current Assets	Short Term Debt	Short Term Investments	Intangible Assets	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.98	1.0	0.97	0.97	-0.27	0.88	0.97	-0.49	0.89	0.93	0.51	-0.1	0.38	0.67	0.67	0.92	0.68	0.55	0.85	-0.4	0.7	0.96	-0.03	0.84	-0.88
Total Stockholder Equity	0.98		0.96	0.89	0.89	-0.19	0.75	0.89	-0.5	0.83	0.99	0.39	0.04	0.3	0.52	0.52	0.81	0.53	0.41	0.78	-0.3	0.58	0.99	-0.02	0.88	-0.94
Accounts Payable	1.0	0.96		0.97	0.98	-0.3	0.89	0.98	-0.49	0.91	0.92	0.55	-0.14	0.38	0.7	0.68	0.93	0.71	0.56	0.86	-0.39	0.72	0.95	-0.02	0.83	-0.86
Long Term Debt	0.97	0.89	0.97		1.0	-0.34	0.96	1.0	-0.44	0.9	0.81	0.58	-0.27	0.44	0.8	0.79	0.99	0.81	0.65	0.85	-0.49	0.76	0.86	0.03	0.75	-0.76
Total Liab	0.97	0.89	0.98	1.0		-0.34	0.96	1.0	-0.45	0.91	0.82	0.62	-0.24	0.46	0.8	0.79	0.98	0.81	0.67	0.88	-0.49	0.79	0.87	-0.05	0.75	-0.76
Common Stock	-0.27	-0.19	-0.3	-0.34	-0.34		-0.49	-0.32	0.59	-0.16	-0.13	-0.05	0.12	-0.49	-0.48	-0.41	-0.32	-0.47	-0.24	-0.15	0.15	-0.2	-0.09	0.05	-0.08	0.06
Property Plant Equipment	0.88	0.75	0.89	0.96	0.96	-0.49		0.96	-0.44	0.82	0.65	0.58	-0.31	0.57	0.9	0.88	0.98	0.9	0.71	0.8	-0.52	0.76	0.71	-0.05	0.61	-0.6
Net Debt	0.97	0.89	0.98	1.0	1.0	-0.32	0.96		-0.45	0.9	0.82	0.61	-0.23	0.45	0.8	0.79	0.98	0.81	0.66	0.87	-0.48	0.79	0.87	-0.04	0.76	-0.77
Retained Earnings	-0.49	-0.5	-0.49	-0.44	-0.45	0.59	-0.44	-0.45		-0.16	-0.51	-0.04	-0.35	-0.55	-0.29	-0.46	-0.33	-0.34	-0.16	-0.19	-0.07	-0.27	-0.42	0.23	-0.41	0.43
Net Receivables	0.89	0.83	0.91	0.9	0.91	-0.16	0.82	0.9	-0.16		0.77	0.77	-0.42	0.13	0.68	0.55	0.9	0.68	0.58	0.95	-0.41	0.81	0.86	0.07	0.74	-0.73
Total Current Assets	0.93	0.99	0.92	0.81	0.82	-0.13	0.65	0.82	-0.51	0.77		0.34	0.11	0.23	0.41	0.41	0.72	0.42	0.31	0.72	-0.22	0.52	0.98	-0.02	0.87	-0.95
Short Term Debt	0.51	0.39	0.55	0.58	0.62	-0.05	0.58	0.61	-0.04	0.77	0.34		-0.55	0.06	0.59	0.42	0.63	0.62	0.53	0.78	-0.27	0.88	0.44	-0.05	0.45	-0.25
Short Term Investments	-0.1	0.04	-0.14	-0.27	-0.24	0.12	-0.31	-0.23	-0.35	-0.42	0.11	-0.55		0.35	-0.36	-0.19	-0.35	-0.35	-0.19	-0.23	0.17	-0.38	-0.01	-0.66	0.04	-0.12
Intangible Assets	0.38	0.3	0.38	0.44	0.46	-0.49	0.57	0.45	-0.55	0.13	0.23	0.06	0.35		0.68	0.7	0.45	0.68	0.51	0.28	-0.35	0.35	0.19	-0.58	0.29	-0.12
Net Tangible Assets	0.67	0.52	0.7	0.8	0.8	-0.48	0.9	0.8	-0.29	0.68	0.41	0.59	-0.36	0.68		0.83	0.86	1.0	0.7	0.68	-0.54	0.76	0.47	-0.1	0.55	-0.26
Total Permanent Equity	0.67	0.52	0.68	0.79	0.79	-0.41	0.88	0.79	-0.46	0.55	0.41	0.42	-0.19	0.7	0.83		0.83	0.85	0.66	0.56	-0.45	0.61	0.46	-0.14	0.39	-0.38
Long Term Debt Total	0.92	0.81	0.93	0.99	0.98	-0.32	0.98	0.98	-0.33	0.9	0.72	0.63	-0.35	0.45	0.86	0.83		0.86	0.7	0.85	-0.54	0.79	0.79	0.02	0.67	-0.67
Capital Surpluse	0.68	0.53	0.71	0.81	0.81	-0.47	0.9	0.81	-0.34	0.68	0.42	0.62	-0.35	0.68	1.0	0.85	0.86		0.71	0.69	-0.51	0.79	0.48	-0.12	0.56	-0.27
Deferred Long Term Liab	0.55	0.41	0.56	0.65	0.67	-0.24	0.71	0.66	-0.16	0.58	0.31	0.53	-0.19	0.51	0.7	0.66	0.7	0.71		0.7	-0.73	0.74	0.4	-0.38	0.34	-0.29
Long Term Investments	0.85	0.78	0.86	0.85	0.88	-0.15	0.8	0.87	-0.19	0.95	0.72	0.78	-0.23	0.28	0.68	0.56	0.85	0.69	0.7		-0.46	0.85	0.8	-0.25	0.7	-0.68
Short Long Term Debt	-0.4	-0.3	-0.39	-0.49	-0.49	0.15	-0.52	-0.48	-0.07	-0.41	-0.22	-0.27	0.17	-0.35	-0.54	-0.45	-0.54	-0.51	-0.73	-0.46		-0.58	-0.29	0.18	-0.27	0.19
Cash And Equivalents	0.7	0.58	0.72	0.76	0.79	-0.2	0.76	0.79	-0.27	0.81	0.52	0.88	-0.38	0.35	0.76	0.61	0.79	0.79	0.74	0.85	-0.58		0.59	-0.18	0.63	-0.4
Net Invested Capital	0.96	0.99	0.95	0.86	0.87	-0.09	0.71	0.87	-0.42	0.86	0.98	0.44	-0.01	0.19	0.47	0.46	0.79	0.48	0.4	0.8	-0.29	0.59		0.02	0.88	-0.94
Net Working Capital	-0.03	-0.02	-0.02	0.03	-0.05	0.05	-0.05	-0.04	0.23	0.07	-0.02	-0.05	-0.66	-0.58	-0.1	-0.14	0.02	-0.12	-0.38	-0.25	0.18	-0.18	0.02		-0.02	0.01
Capital Stock	0.84	0.88	0.83	0.75	0.75	-0.08	0.61	0.76	-0.41	0.74	0.87	0.45	0.04	0.29	0.55	0.39	0.67	0.56	0.34	0.7	-0.27	0.63	0.88	-0.02		-0.69
Current Deferred Revenue	-0.88	-0.94	-0.86	-0.76	-0.76	0.06	-0.6	-0.77	0.43	-0.73	-0.95	-0.25	-0.12	-0.12	-0.26	-0.38	-0.67	-0.27	-0.29	-0.68	0.19	-0.4	-0.94	0.01	-0.69

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Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.

Competition

Predict Extra Space

Based on the latest financial disclosure, 98% of Extra Space Storage are shares owned by institutions. This is 31.26% higher than that of the Specialized REITs sector and significantly higher than that of the Real Estate industry. The shares owned by institutions for all United States stocks is 151.77% lower than that of the firm.

Extra Shares Owned By Institutions Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Extra Space's direct or indirect competition against its Shares Owned By Institutions to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Extra Space could also be used in its relative valuation, which is a method of valuing Extra Space by comparing valuation metrics of similar companies.

Extra Space is currently under evaluation in shares owned by institutions category among its peers.

Extra Space Current Valuation Drivers

We derive many important indicators used in calculating different scores of Extra Space from analyzing Extra Space's financial statements. These drivers represent accounts that assess Extra Space's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Extra Space's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	13.5B	15.0B	30.2B	19.7B	27.1B	28.5B
Enterprise Value	18.8B	20.9B	36.4B	27.2B	38.4B	40.3B

Extra Space ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Extra Space's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Extra Space's managers, analysts, and investors.

Environmental

Governance

Social

Extra Fundamentals

	Return On Equity	0.0557
	Return On Asset	0.0333
	Profit Margin	0.24 %
	Operating Margin	0.46 %
	Current Valuation	47.23 B
	Shares Outstanding	211.98 M
	Shares Owned By Insiders	1.07 %
	Shares Owned By Institutions	98.72 %
	Number Of Shares Shorted	3.72 M
	Price To Earning	35.20 X
	Price To Book	2.50 X
	Price To Sales	10.99 X
	Revenue	2.56 B
	Gross Profit	1.52 B
	EBITDA	1.74 B
	Net Income	801.97 M
	Cash And Equivalents	92.87 M
	Cash Per Share	0.67 X
	Total Debt	11.4 B
	Debt To Equity	1.70 %
	Current Ratio	2.59 X
	Book Value Per Share	66.09 X
	Cash Flow From Operations	1.4 B
	Short Ratio	4.05 X
	Earnings Per Share	3.76 X
	Price To Earnings To Growth	5.16 X
	Target Price	174.39
	Number Of Employees	7.62 K
	Beta	0.89
	Market Capitalization	36.4 B
	Total Asset	27.46 B
	Retained Earnings	(379.01 M)
	Working Capital	(157.87 M)
	Current Asset	244.2 M
	Current Liabilities	120.92 M
	Annual Yield	0.04 %
	Five Year Return	3.13 %
	Net Asset	27.46 B
	Last Dividend Paid	6.48

About Extra Space Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Extra Space Storage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Extra Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Extra Space Storage based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Extra Space

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.

Moving together with Extra Stock

0.83

First Industrial Realty

Pair Corr

Moving against Extra Stock

0.68	AKR	Acadia Realty Trust	Pair Corr
0.64	UE	Urban Edge Properties Sell-off Trend	Pair Corr
0.55	WELL	Welltower	Pair Corr
0.44	EQIX	Equinix	Pair Corr
0.36	AAT	American Assets Trust	Pair Corr

The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.

The correlation of Extra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Extra Stock Analysis

When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.

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