Extra Space Storage Stock Buy Hold or Sell Recommendation
| EXR Stock | USD 143.79 1.92 1.35% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Extra Space Storage is 'Strong Hold'. Macroaxis provides Extra Space buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding EXR positions. The advice algorithm takes into account all of Extra Space's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Extra Space's buy or sell advice are summarized below:
Real Value 147.29 | Target Price 152.42 | Hype Value 141.89 | Market Value 143.79 | Naive Value 146.79 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Extra Space Storage given historical horizon and risk tolerance towards Extra Space. When Macroaxis issues a 'buy' or 'sell' recommendation for Extra Space Storage, the advice is generated through an automated system that utilizes algorithms and statistical models.
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Execute Extra Space Buy or Sell Advice
The Extra recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Extra Space Storage. Macroaxis does not own or have any residual interests in Extra Space Storage or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Extra Space's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Extra Space Trading Alerts and Improvement Suggestions
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Why Investors Are Eyeing Extra Space Storage Inc The Key Drivers of Market ... |
Extra Space Returns Distribution Density
The distribution of Extra Space's historical returns is an attempt to chart the uncertainty of Extra Space's future price movements. The chart of the probability distribution of Extra Space daily returns describes the distribution of returns around its average expected value. We use Extra Space Storage price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Extra Space returns is essential to provide solid investment advice for Extra Space.
| Mean Return | 0.01 | Value At Risk | -2.67 | Potential Upside | 2.87 | Standard Deviation | 1.79 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Extra Space historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Extra Stock 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 originates 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 | Dimensional Fund Advisors, Inc. | 2023-12-31 | 3.1 M | Legal & General Group Plc | 2023-12-31 | 2.9 M | Apg Investments Us Inc | 2023-12-31 | 2.8 M | Jpmorgan Chase & Co | 2023-12-31 | 2.8 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 2.8 M | Daiwa Securities Group Inc | 2023-12-31 | 2.7 M | Centersquare Investment Management Llc | 2023-12-31 | 2.5 M | Amvescap Plc. | 2023-12-31 | 2.4 M | Wellington Management Company Llp | 2023-12-31 | 2.2 M | Vanguard Group Inc | 2023-12-31 | 33.5 M | Blackrock Inc | 2023-12-31 | 21.3 M |
Extra Space Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (2.0M) | 57.3M | (51.8M) | 21.5M | 6.2M | 5.4M | |
| Free Cash Flow | 699.9M | 764.1M | 948.8M | 1.2B | 1.3B | 1.4B | |
| Depreciation | 219.9M | 224.4M | 241.9M | 288.3M | 506.1M | 531.4M | |
| Other Non Cash Items | 17.8M | 6.2M | (22.1M) | (28.8M) | 272.9M | 286.6M | |
| Capital Expenditures | 7.8M | 7.1M | 3.7M | 22.8M | 116.2M | 122.0M | |
| Net Income | 451.1M | 517.6M | 877.8M | 921.2M | 802.0M | 842.1M | |
| End Period Cash Flow | 70.7M | 128.0M | 76.2M | 97.7M | 99.1M | 68.6M | |
| Dividends Paid | 458.1M | 467.8M | 601.0M | 805.3M | 1.0B | 1.1B | |
| Investments | (28.1M) | (540.5M) | (23.1M) | (1.6B) | (2.0B) | (1.9B) | |
| Net Borrowings | 202.3M | 1.3B | 206.7M | 1.4B | 1.6B | 803.8M | |
| Change To Netincome | 19.4M | 23.2M | (105.2M) | 44.3M | 39.8M | 41.8M |
Extra Space Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Extra Space or Diversified REITs sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Extra Space's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Extra stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.12 | |
β | Beta against NYSE Composite | 1.73 | |
σ | Overall volatility | 1.76 | |
Ir | Information ratio | -0.04 |
Extra Space Volatility Alert
Extra Space Storage has relatively low volatility with skewness of -0.46 and kurtosis of 1.76. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Extra Space's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Extra Space's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Extra Space Fundamentals Vs Peers
Comparing Extra Space's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Extra Space's direct or indirect competition across all of the common fundamentals between Extra Space and the related equities. This way, we can detect undervalued stocks with similar characteristics as Extra Space or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Extra Space's fundamental indicators could also be used in its relative valuation, which is a method of valuing Extra Space by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Extra Space to competition |
| Fundamentals | Extra Space | Peer Average |
| Return On Equity | 0.0896 | -0.31 |
| Return On Asset | 0.0432 | -0.14 |
| Profit Margin | 0.28 % | (1.27) % |
| Operating Margin | 0.43 % | (5.51) % |
| Current Valuation | 42.36 B | 16.62 B |
| Shares Outstanding | 211.66 M | 571.82 M |
| Shares Owned By Insiders | 1.08 % | 10.09 % |
| Shares Owned By Institutions | 98.92 % | 39.21 % |
| Number Of Shares Shorted | 4.11 M | 4.71 M |
| Price To Earning | 35.20 X | 28.72 X |
| Price To Book | 2.07 X | 9.51 X |
| Price To Sales | 11.77 X | 11.42 X |
| Revenue | 2.56 B | 9.43 B |
| Gross Profit | 1.52 B | 27.38 B |
| EBITDA | 1.74 B | 3.9 B |
| Net Income | 801.97 M | 570.98 M |
| Cash And Equivalents | 92.87 M | 2.7 B |
| Cash Per Share | 0.67 X | 5.01 X |
| Total Debt | 11.4 B | 5.32 B |
| Debt To Equity | 1.70 % | 48.70 % |
| Current Ratio | 2.59 X | 2.16 X |
| Book Value Per Share | 67.55 X | 1.93 K |
| Cash Flow From Operations | 1.4 B | 971.22 M |
| Short Ratio | 3.59 X | 4.00 X |
| Earnings Per Share | 4.28 X | 3.12 X |
| Price To Earnings To Growth | 4.43 X | 4.89 X |
| Target Price | 155.47 | |
| Number Of Employees | 7.62 K | 18.84 K |
| Beta | 0.75 | -0.15 |
| Market Capitalization | 31.05 B | 19.03 B |
| Total Asset | 27.46 B | 29.47 B |
| Retained Earnings | (379.01 M) | 9.33 B |
| Working Capital | (157.87 M) | 1.48 B |
Note: Disposition of 100 shares by Springer William N of Extra Space subject to Rule 16b-3 [view details]
Extra Space Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Extra . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Extra Space Buy or Sell Advice
When is the right time to buy or sell Extra Space Storage? Buying financial instruments such as Extra Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Liabilities | 291.5M | 144.0M | 165.6M | 173.9M | Total Stockholder Equity | 3.1B | 3.3B | 14.4B | 15.1B |
Use Investing Ideas to Build Portfolios
In addition to having Extra Space in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Tech Funds
Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Tech Funds Theme or any other thematic opportunities.
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Check out Extra Space Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary 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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Is Extra Space's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Extra Space. If investors know Extra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Extra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.31) | Dividend Share 6.48 | Earnings Share 4.28 | Revenue Per Share 15.478 | Quarterly Revenue Growth 0.587 |
The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Extra Space's market value can be influenced by many factors that don't directly affect Extra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Extra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Extra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extra Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.