Extra Space Storage Inc. with ticker code (EXR) have now 12 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between 185 and 135 calculating the average target price we see $154.67. Given that the stocks previous close was at $126.60 this indicates there is a potential upside of 22.2%. It’s also worth noting that there is a 50 day moving average of $134.61 and the 200 moving average now moves to $148.75. The company has a market capitalization of 27.90B. The current share price for the company is: 127.69 USD
The potential market cap would be $34,084,964,567 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 20.9, revenue per share of 15.38 and a 6% return on assets.
Extra Space Storage Inc. is an integrated, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties, or stores. Its segments include self-storage operations and tenant reinsurance. Its self-storage operations activities include rental operations of wholly owned stores. Its tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company’s business is conducted through its operating partnership, Extra Space Storage LP (the Operating Partnership). It invests in stores by acquiring wholly owned stores or by acquiring an equity interest in real estate entities. The Company had direct and indirect equity interests in over 1,451 stores. The Company manages over 887 stores for third parties. It also offers tenant reinsurance at its owned and managed stores that insures the value of goods in the storage units.
