Is Extra Space Stock a Good Investment?
Extra Space Investment Advice | EXR |
- Examine Extra Space's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Extra Space's leadership team and their track record. Good management can help Extra Space navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Self-Storage REITs space and any emerging trends that could impact Extra Space's business and its evolving consumer preferences.
- Compare Extra Space's performance and market position to its competitors. Analyze how Extra Space is positioned in terms of product offerings, innovation, and market share.
- Check if Extra Space pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Extra Space's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Extra Space Storage stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Extra Space Storage is a good investment.
Sell | Buy |
Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Extra Space Stock
Researching Extra Space's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are held by institutions such as insurance companies. The book value of Extra Space was currently reported as 66.09. The company last dividend was issued on the 16th of December 2024.
To determine if Extra Space is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Extra Space's research are outlined below:
| Extra Space Storage generated a negative expected return over the last 90 days | |
| Extra Space Storage has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| On 30th of September 2024 Extra Space paid $ 1.62 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Extra Space Storage announces 1B commercial paper note program - TipRanks |
Extra Space uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Extra Space Storage. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Extra Space's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 28th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Extra Space's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Extra Space's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2011-02-22 | 2010-12-31 | 0.09 | 0.1 | 0.01 | 11 | ||
2010-05-03 | 2010-03-31 | 0.03 | 0.04 | 0.01 | 33 | ||
2008-04-28 | 2008-03-31 | 0.09 | 0.1 | 0.01 | 11 | ||
2007-04-25 | 2007-03-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2006-11-02 | 2006-09-30 | 0.08 | 0.07 | -0.01 | 12 | ||
2012-02-21 | 2011-12-31 | 0.15 | 0.17 | 0.02 | 13 | ||
2011-10-27 | 2011-09-30 | 0.14 | 0.16 | 0.02 | 14 | ||
2011-07-28 | 2011-06-30 | 0.1 | 0.12 | 0.02 | 20 |
Know Extra Space's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Extra Space is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Extra Space Storage backward and forwards among themselves. Extra Space's institutional investor refers to the entity that pools money to purchase Extra Space's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Jpmorgan Chase & Co | 2024-06-30 | 3.6 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 3.1 M | Massachusetts Financial Services Company | 2024-09-30 | 3 M | Legal & General Group Plc | 2024-06-30 | 2.8 M | Diamond Hill Capital Management Inc | 2024-09-30 | 2.8 M | Boston Partners Global Investors, Inc | 2024-06-30 | 2.7 M | Apg Investments Us Inc | 2024-06-30 | 2.6 M | Centersquare Investment Management Llc | 2024-06-30 | 2.4 M | Charles Schwab Investment Management Inc | 2024-09-30 | 2.4 M | Vanguard Group Inc | 2024-09-30 | 33.6 M | Capital World Investors | 2024-09-30 | 22.1 M |
Extra Space's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 36.4 B.Market Cap |
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Extra Space's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.02 | |
| Return On Capital Employed | 0.04 | 0.04 | |
| Return On Assets | 0.03 | 0.02 | |
| Return On Equity | 0.06 | 0.05 |
Determining Extra Space's profitability involves analyzing its financial statements and using various financial metrics to determine if Extra Space is a good buy. For example, gross profit margin measures Extra Space's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Extra Space's profitability and make more informed investment decisions.
Evaluate Extra Space's management efficiency
Extra Space Storage has Return on Asset of 0.0333 % which means that on every $100 spent on assets, it made $0.0333 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0557 %, implying that it generated $0.0557 on every 100 dollars invested. Extra Space's management efficiency ratios could be used to measure how well Extra Space manages its routine affairs as well as how well it operates its assets and liabilities. As of 11/22/2024, Return On Tangible Assets is likely to drop to 0.02. In addition to that, Return On Capital Employed is likely to drop to 0.04. At this time, Extra Space's Debt To Assets are relatively stable compared to the past year. As of 11/22/2024, Fixed Asset Turnover is likely to grow to 12.67, while Net Tangible Assets are likely to drop slightly above 2.3 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 91.09 | 95.64 | |
| Tangible Book Value Per Share | 89.21 | 93.67 | |
| Enterprise Value Over EBITDA | 22.05 | 26.96 | |
| Price Book Value Ratio | 1.89 | 2.15 | |
| Enterprise Value Multiple | 22.05 | 26.96 | |
| Price Fair Value | 1.89 | 2.15 | |
| Enterprise Value | 38.4 B | 40.3 B |
The management strategies employed by Extra Space's are designed to enhance shareholder value and ensure long-term growth. We assess the effectiveness of these strategies in our stock analysis.
Dividend Yield 0.0392 | Forward Dividend Yield 0.0392 | Forward Dividend Rate 6.48 | Beta 0.886 |
Basic technical analysis of Extra Stock
As of the 22nd of November, Extra Space shows the Variance of 2.01, standard deviation of 1.42, and Mean Deviation of 1.06. Extra Space Storage technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Extra Space Storage market risk adjusted performance and treynor ratio to decide if Extra Space Storage is priced favorably, providing market reflects its regular price of 166.88 per share. Given that Extra Space has information ratio of (0.08), we urge you to verify Extra Space Storage's prevailing market performance to make sure the company can sustain itself at a future point.Extra Space's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Extra Space insiders, such as employees or executives, is commonly permitted as long as it does not rely on Extra Space's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Extra Space insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Extra Space's Outstanding Corporate Bonds
Extra Space issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Extra Space Storage uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Extra bonds can be classified according to their maturity, which is the date when Extra Space Storage has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| EXR 39 01 APR 29 Corp BondUS30225VAH06 | View | |
| EXR 255 01 JUN 31 Corp BondUS30225VAF40 | View | |
| EXR 235 15 MAR 32 Corp BondUS30225VAG23 | View |
Understand Extra Space's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Extra Space's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | 0.1705 | |||
| Mean Deviation | 1.06 | |||
| Coefficient Of Variation | (9,261) | |||
| Standard Deviation | 1.42 | |||
| Variance | 2.01 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.1605 | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 1.92 | |||
| Skewness | (0.80) | |||
| Kurtosis | 1.55 |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | 0.1705 | |||
| Mean Deviation | 1.06 | |||
| Coefficient Of Variation | (9,261) | |||
| Standard Deviation | 1.42 | |||
| Variance | 2.01 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.1605 | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 1.92 | |||
| Skewness | (0.80) | |||
| Kurtosis | 1.55 |
Consider Extra Space's intraday indicators
Extra Space intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Extra Space stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Extra Space Corporate Filings
F4 | 19th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 4th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 29th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Extra Stock media impact
Far too much social signal, news, headlines, and media speculation about Extra Space that are available to investors today. That information is available publicly through Extra media outlets and privately through word of mouth or via Extra internal channels. However, regardless of the origin, that massive amount of Extra data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Extra Space news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Extra Space relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Extra Space's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Extra Space alpha.
Extra Space Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Extra Space can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Extra Space Storage Historical Investor Sentiment
Investor biases related to Extra Space's public news can be used to forecast risks associated with an investment in Extra. The trend in average sentiment can be used to explain how an investor holding Extra can time the market purely based on public headlines and social activities around Extra Space Storage. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Extra Space's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Extra Space and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Extra Space news discussions. The higher the estimate score, the more favorable the investor's outlook on Extra Space.
Extra Space Corporate Directors
| Dennis Letham | Independent Director | Profile | |
| Roger Porter | Lead Independent Director | Profile | |
| Diane Olmstead | Independent Director | Profile | |
| Spencer Kirk | Independent Director | Profile |
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.