EXR stock: buy or sell?
Updated on:
August 23rd, 2019
5
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500.
Should I buy EXR stock?
You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading plan that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.These 2 buy setups work for Extra Space Storage stock now:
| Buy setup | Elegible |
|---|---|
| New all-time high | Yes |
| New 52 week high | Yes |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is Extra Space Storage stock a buy?
Financial institutions and banks publish stock ratings everyday.
At Stocks2.com, we gathered 3 ratings published for EXR stock in the last 30 days.| Date | Analyst / Broker | Previous rating | Current rating |
| 2019-8-22 | Wells Fargo & Co | n/a | Outperform |
| 2019-4-1 | Evercore ISI | n/a | Underperform |
| 2019-3-21 | Raymond James | Outperform | Market Perform |
EXR stock analysis
Daily outlook
Extra Space Storage closed today at $121.00 after reaching a new all time high ($123.14) even it couldn't close with gains and remained steady an unpleasant -0.30%.
Extra Space Storage shares touched new all time highs again today, marking to $123.14. Shares ended at $121.00 and remained constant -0.30%. From a daily perspective, EXR is in a short term uptrend after plotting its last bottom ($108.01, on July 22nd) higher than the previous bottom, and its last top ($122.87, on Tuesday) also over the previous top. Now trading in between its last bottom and last top EXR might consolidate in a plain range, waiting to break out over $122.87 or down under $108.01. On June EXR price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Weekly outlook
Extra Space Storage shares remained stable 0.32% this week and topped a new all time high at $123.14. With this, it's been 5 green weeks in a row, gaining $12.31 or 11.10%.
Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $112.62 resistance. By mid February, SMA20w and SMA40w crossed up triggering a rise of 23.41%. Since mid January when EXR stock price broke up the SMA40w line, it gained $32.78 (37.16%).
EXR stock price history
EXR stock went public on August 16th, 2004 with a price of $6.571. Since then, EXR stock grew a 1,741.70%, with an average of 116.10% per year. If you had invested $1,000 in EXR stock in 2004, it would worth $17,417.00 today.
1: Adjusted price after possible price splits or reverse-splits.
EXR stock historical price chart
EXR stock reached all-time highs today with a price of $123.14.
EXR stock price target is $130.00
Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. Currently, only 1 price prediction for Extra Space Storage stock was published in the last month:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 2019-8-22 | Wells Fargo & Co | Raises Target | $114.00 | $130.00 | 14% |
| (in average) | $114.00 | $130.00 | 14.0% |
Financials and fundamental analysis
Earnings date and Earnings per Share
On February, Extra Space Storage reported its latest financial data, in line with analysts' consensus and published a $1.22 Earnings per Share. As soon as we get its actual EPS from the earnings report, we will update this report.| Quarter | Reporting date | Estimated EPS | Actual EPS | Surprise |
|---|---|---|---|---|
| 2017-Q2 | - | n/a | 0.73 | n/a |
| 2017-Q3 | 2017-11-01 | 0.72 | 0.74 | 2.8% |
| 2017-Q4 | 2018-02-20 | 1.08 | 1.12 | 3.7% |
| 2018-Q1 | 2018-05-01 | 1.09 | 1.09 | 0.0% |
| 2018-Q2 | 2018-07-31 | 1.15 | 1.15 | 0.0% |
| 2018-Q3 | 2018-10-30 | 1.19 | 1.2 | 0.8% |
| 2018-Q4 | 2019-02-20 | 1.2 | 1.22 | 1.7% |
| 2019-Q1 | - | n/a | n/a | n/a |
| 2019-Q2 | - | n/a | n/a | n/a |
| 2019-Q3 | - | n/a | n/a | n/a |
Annual financial results
Compared to 2017, last anual revenues report draw a shining gain of 8.29% to $1,196.60 million USD. Nonetheless, its earnings margin (compared to revenues) eased to 34.71%, that is $415.29 million.| Year | Sales | YoY | Income/(margin) | YoY |
|---|---|---|---|---|
| 2013 | $512 M | - | $172 M33.5% | - |
| 2014 | $647 M | 26.47% | $178 M27.6% | 3.99% |
| 2015 | $782 M | 20.88% | $189 M24.2% | 6.23% |
| 2016 | $992 M | 26.79% | $366 M36.9% | 93.23% |
| 2017 | $1,105 M | 11.41% | $479 M43.3% | 30.83% |
| 2018 | $1,197 M | 8.29% | $415 M34.7% | -13.30% |
Quarterly financial results
Extra Space Storage reported $307.35 M in sales for 2018-Q4, a 0.13% up compared to previous quarter. Reported quarter earnings marked $101.46 million with a profit margin of 33.01%. Profit margin slipped a -9.48% compared to previous quarter when profit margin was 42.49%. When comparing revenues to same quarter last year, Extra Space Storage sales marked a wonderful growth and soared a 9.05%. Looking back to recent quarterly results, Extra Space Storage posted 4 negative quarters in a row.| Quarter | Sales1 | QoQ2 | Income1/(margin) | QoQ2 |
|---|---|---|---|---|
| 2017-Q2 | $273 M | - | $87 M31.7% | - |
| 2017-Q3 | $284 M | 3.93% | $94 M33.0% | 8.02% |
| 2017-Q4 | $282 M | -0.81% | $216 M76.6% | 130.32% |
| 2018-Q1 | $285 M | 1.29% | $88 M30.9% | -59.13% |
| 2018-Q2 | $297 M | 3.97% | $95 M32.1% | 7.81% |
| 2018-Q3 | $307 M | 3.42% | $130 M42.5% | 37.06% |
| 2018-Q4 | $307 M | 0.13% | $101 M33.0% | -22.20% |
| 2019-Q1 | $312 M | 1.36% | $95 M30.4% | -6.60% |
Extra Space Storage ownership
When you are planning to invest in a company, it's always worth to review its ownership structure.Extra Space Storage shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 3.13% of all shares.
Bearish positions for EXR stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Extra Space Storage:
| EXR | LSI | PSA | SP | |
|---|---|---|---|---|
| Market cap | $15.4 B | $4.9 B | $45.7 B | $793.4 M |
| Total shares | 127.5 M | 46.6 M | 174.5 M | 22.9 M |
| Float shares | 124.5 M | 46.0 M | 148.8 M | 20.7 M |
| - Institutional holdings (%) | 100.6% | 99.2% | 82.5% | 97.4% |
| - Insider holdings (%) | 3.1% | 1.7% | 14.7% | 1.4% |
| Shares in short selling | 0.0% | 0.0% | 0.0% | 0.0% |
EXR summary
| Friday, August 23rd, 2019 | |
|---|---|
| Open | $121.75 |
| Close | $121.00 |
| Day range | $120.56 - $123.14 |
| Previous close | $121.37 |
| Session gain | -0.30% |
| Average true range | $2.02 |
| 50d mov avg | $112.39 |
| 100d mov avg | $108.11 |
| 200d mov avg | $100.85 |
| Daily pattern | lt06a |
| Weekly pattern | lb02c |
Extra Space Storage performance
Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Extra Space Storage, the benchmark is made against Life Storage, and SP Plus.| Stock | 3m | 6m | 12m |
|---|---|---|---|
| EXRExtra Space Stora... | 14.04% | 30.15% | 35.48% |
| LSILife Storage | 8.56% | 10.03% | 11.05% |
| PSA | 11.79% | 32.50% | 27.33% |
| SPSP Plus | 10.12% | -4.46% | -13.42% |
Extra Space Storage competitors
One check before investing in any stock is to review a list of its competitors, in this case for Extra Space Storage. We chose 3 companies as Extra Space Storage competitors as they are in the same industry or have similar market objectives.Latest EXR stock news
- InvestorPlace3 Stock Charts for Tuesday: Visa, Apple and Extra Space StorageOctober 30, 2018