EXR stock: buy or sell?

EXR stock price: $121.00 -0.30% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

5

After several days of continuous rises in past weeks, Extra Space Storage remained constant -0.30% to $121.00.

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 setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.

Is EXR a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-22Wells Fargo & Con/aOutperform
2019-4-1Evercore ISIn/aUnderperform
2019-3-21Raymond JamesOutperformMarket 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.

EXR stock chart (daily)

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 chart (weekly)

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:
EXR stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-22Wells Fargo & CoRaises Target$114.00$130.0014%
(in average)$114.00$130.0014.0%

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.
EXR earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.73n/a
2017-Q32017-11-010.720.742.8%
2017-Q42018-02-201.081.123.7%
2018-Q12018-05-011.091.090.0%
2018-Q22018-07-311.151.150.0%
2018-Q32018-10-301.191.20.8%
2018-Q42019-02-201.21.221.7%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/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.

EXR annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$512 M-$172 M33.5%-
2014$647 M26.47%$178 M27.6%3.99%
2015$782 M20.88%$189 M24.2%6.23%
2016$992 M26.79%$366 M36.9%93.23%
2017$1,105 M11.41%$479 M43.3%30.83%
2018$1,197 M8.29%$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.
EXR quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$273 M-$87 M31.7%-
2017-Q3$284 M3.93%$94 M33.0%8.02%
2017-Q4$282 M-0.81%$216 M76.6%130.32%
2018-Q1$285 M1.29%$88 M30.9%-59.13%
2018-Q2$297 M3.97%$95 M32.1%7.81%
2018-Q3$307 M3.42%$130 M42.5%37.06%
2018-Q4$307 M0.13%$101 M33.0%-22.20%
2019-Q1$312 M1.36%$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:

EXRLSIPSASP
Market cap$15.4 B$4.9 B$45.7 B$793.4 M
Total shares127.5 M46.6 M174.5 M22.9 M
Float shares124.5 M46.0 M148.8 M20.7 M
  - Institutional holdings (%)100.6%99.2%82.5%97.4%
  - Insider holdings (%)3.1%1.7%14.7%1.4%
Shares in short selling0.0%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 patternlt06a
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.
Stock3m6m12m
EXRExtra Space Stora...14.04%30.15%35.48%
LSILife Storage8.56%10.03%11.05%
PSA11.79%32.50%27.33%
SPSP Plus10.12%-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