Extra Space Storage Stock Analysis

Extra Stock Analysis Notes

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 68.11. The company last dividend was issued on the 14th of March 2024. Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the SP 500. The Company is the second largest owner andor operator of self-storage stores in the United States and is the largest self-storage management company in the United States. Extra Space operates under REITIndustrial classification in the United States and is traded on New York Stock Exchange. It employs 4309 people. To learn more about Extra Space Storage call Joseph JD at 801 365 4600 or check out https://www.extraspace.com.

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Extra Stock Institutional Investors

Note, although Extra Space's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Extra Market Capitalization

The company currently falls under 'Large-Cap' category with a total capitalization of 30.14 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Extra Space's market, we take the total number of its shares issued and multiply it by Extra Space's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Extra Profitablity

The company has Net Profit Margin of 0.31 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.45 %, which entails that for every 100 dollars of revenue, it generated $0.45 of operating income.

Management Efficiency

Extra Space Storage has Return on Asset of 0.0407 % which means that on every $100 spent on assets, it made $0.0407 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0873 %, implying that it generated $0.0873 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 04/18/2024, 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 Fixed Asset Turnover is relatively stable compared to the past year. As of 04/18/2024, Asset Turnover is likely to grow to 0.1, while Intangible Assets are likely to drop slightly above 91 M.

Technical Drivers

As of the 18th of April 2024, Extra Space shows the Standard Deviation of 1.7, variance of 2.9, and Mean Deviation of 1.29. 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. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated thirteen technical drivers for Extra Space Storage, which can be compared to its peers. 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 134.2 per share. Given that Extra Space has information ratio of (0.11), 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 Storage Price Movement Analysis

Extra Space Storage Insider Trading Activities

Extra Space Predictive Daily Indicators

Extra Space Corporate Filings

Extra Space Forecast Models

Extra Space's time-series forecasting models are one of many Extra Space's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Extra Space's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Extra Space prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Extra shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Extra Space. By using and applying Extra Stock analysis, traders can create a robust methodology for identifying Extra entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Extra analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Extra analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Extra Space Storage stock analysis indicators help investors evaluate how Extra Space stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Extra Space shares will generate the highest return on investment. By understating and applying Extra Space stock analysis, traders can identify Extra Space position entry and exit signals to maximize returns.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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.

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.

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.