EXR stock: buy or sell?
Updated on:
January 17th, 2020
3
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?
Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.Just 1 of our buy setups matches with Extra Space Storage stock now:
| Buy setup | Elegible |
|---|---|
| New all-time high | No |
| New 52 week high | No |
| Price crossing up 200d MA | Yes |
| 100d MA crossing up 200d MA | No |
Is Extra Space Storage stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.
At Stocks2.com, we detected 5 ratings published for EXR stock in the last month.| Date | Analyst / Broker | Previous rating | Current rating |
| 2019-9-16 | Morgan Stanley | Equal | Weight |
| 2019-9-11 | Citigroup | n/a | Neutral |
| 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
Shares of Extra Space Storage raised a tiny 0.59% and closed at $111.56.
Shares of Extra Space Storage raised a tiny 0.59% and closed at $111.56. Since price and SMA200d lines crossed up on Tuesday, EXR climbed $3.44 (3.18%). From a daily perspective, EXR is in a short term uptrend after plotting its last bottom ($103.48, on December/24) higher than the previous bottom, and its last top ($107.02, on January 6th) 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 $107.02 or down under $103.48. On September, EXR hit new all time highs, pushing higher previous ATH of $121.35 recorded on September. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Weekly outlook
Extra Space Storage broke up the simple moving average line of 200d, closing at $111.56. Counting this, it's been 5 green weeks in a row, gaining $9.27 or 8.70%.
Far behind is the all-time high Extra Space Storage marked early September but price is just -8.87% below that top. By mid February 2019, SMA20w and SMA40w crossed up triggering a rise of 15.68%.
EXR stock price history
EXR IPO was on August 16th, 2004 at $6.47 per share1. Since then, EXR stock surged a 1,624.30%, with a yearly average of 108.30%. If you had invested $1,000 in EXR stock in 2004, it would worth $16,243.00 today.
1: Adjusted price after possible price splits or reverse-splits.
EXR stock historical price chart
EXR stock reached all-time highs on September with a price of $122.42.
EXR stock price target is $118.00
Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 3 price targets for EXR stock:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 2019-9-16 | Morgan Stanley | Downgrades | $93.00 | $105.00 | 12.9% |
| 2019-9-11 | Citigroup | Raises Target | $103.00 | $119.00 | 15.5% |
| 2019-8-22 | Wells Fargo & Co | Raises Target | $114.00 | $130.00 | 14% |
| (in average) | $103.30 | $118.00 | 14.0% |
Financials and fundamental analysis
Earnings date and Earnings per Share
After publishing its last earnings report on February, Extra Space Storage . Unfortunately, reported EPS is not yet available in our database.| 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
In 2018, Extra Space Storage annual sales soared a pretty good 8.29% to $1,196.60 million dollars from $1,105.01 marked in 2017. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) dropped a -8.64% to 34.71%.| 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 posted $307.35 M in sales for 2018-Q4, a 0.13% up compared to previous quarter. Reported quarter income marked $101.46 million with a profit margin of 33.01%. Profit margin eased 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 phenomenal gain and escalated 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 shares of a stock, it's always worth to have a look its ownership structure.Extra Space Storage shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 2.79% of all shares.
Bearish positions for EXR stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related stocks:
| EXR | |
|---|---|
| Market cap | $14.4 B |
| Total shares | 129.5 M |
| Float shares | 126.0 M |
| - Institutional holdings (%) | 99.4% |
| - Insider holdings (%) | 2.8% |
| Shares in short selling | 0.0% |
EXR summary
| Friday, January 17th, 2020 | |
|---|---|
| Open | $111.12 |
| Close | $111.56 |
| Day range | $110.21 - $112.00 |
| Previous close | $110.91 |
| Session gain | 0.59% |
| Average true range | $1.48 |
| 50d mov avg | $105.50 |
| 100d mov avg | $110.25 |
| 200d mov avg | $108.39 |
| Daily pattern | lt06a |
| Weekly pattern | lb06c |
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. We compared Extra Space Storage against in the following table:| Stock | 3m | 6m | 12m |
|---|---|---|---|
| EXRExtra Space Stora... | -1.48% | 4.35% | 24.94% |
Extra Space Storage competitors
Unfortunately, we could not find any public company that could be defined as Extra Space Storage competitor. This doesn't mean Extra Space Storage does not have any competitor in the market, it's just we could not detected it.Latest EXR stock news
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