Dernières nouvelles pour Extra Space Storage (NYSE:EXR) Stock

Extra Space Storage

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

Extra Space Storage Inc

e-Radix

ECOLOGIX RESOURCE GRP by Ecologix Resource Group, Inc.

Ecologix Resource Group Inc

EXRNchain

EXRO TECHNOLOGIES INC by Exro Technologies Inc.

Exro Technologies Inc

Evercore ISI Group analyst Steve Sakwa maintains Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a In-Line and lowers the price target from $170 to $168.

News

Price Target

Analyst Ratings

Evercore ISI Group Maintains In-Line on Extra Space Storage, Lowers Price Target to $168

Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) has outperformed the market over the past 15 years by 8.49% on an annualized basis producing an average annual return of 20.19%. Currently, Extra Space Storage has a market capitalization of $35.98 billion. 
Buying $100 In EXR: If an investor had bought $100 of EXR stock 15 years ago, it would be worth $1,604.05 today based on a price of $169.77 for EXR at the time of writing.
<h3>Extra Space Storage's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728655211_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much $100 Invested In Extra Space Storage 15 Years Ago Would Be Worth Today

Joseph Margolis, Chief Executive Officer at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), executed a substantial insider sell on October 3, according to an SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024042227//Archives/edgar/data/1289490/000162828024042227/0001628280-24-042227-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Margolis sold 7,500 shares of Extra Space Storage. The total transaction value is $1,338,900.
Extra Space Storage shares are trading down 3.13% at $170.79 at the time of this writing on Friday morning.
<h3>Delving into Extra Space Storage's Background</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
<h3>Extra Space Storage's Economic Impact: An Analysis</h3>
Revenue Growth: Extra Space Storage's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 58.52%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: With a high gross margin of 73.29%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 0.88.
</li>
</ul>
Debt Management: Extra Space Storage's debt-to-equity ratio is below the industry average. With a ratio of 0.83, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 48.17 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 11.6, Extra Space Storage's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 22.52 reflects market recognition of Extra Space Storage's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>Delving Into the Significance of Insider Transactions</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Important Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Massive Insider Trade At Extra Space Storage

Extra Space Storage's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) short percent of float has risen 20.24% since its last report. The company recently reported that it has 4.60 million shares sold short, which is 2.97% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.47 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Extra Space Storage Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727719215_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Extra Space Storage has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Extra Space Storage's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Extra Space Storage's peer group average for short interest as a percentage of float is 4.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(EXR) - Analyzing Extra Space Storage's Short Interest

Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) has outperformed the market over the past 10 years by 1.79% on an annualized basis producing an average annual return of 13.23%. Currently, Extra Space Storage has a market capitalization of $37.56 billion. 
Buying $100 In EXR: If an investor had bought $100 of EXR stock 10 years ago, it would be worth $343.38 today based on a price of $177.23 for EXR at the time of writing.
<h3>Extra Space Storage's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727706611_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 10 Years Ago Would Be Worth $300 Today

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59b1370215737d0001bc14de/ryan-zimmerman">BTIG analyst Ryan Zimmerman</a> upgraded GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) from Neutral to Buy and announced a price target of $100. Dell shares gained 0.2% to close at $86.79 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim analyst Curry Baker upgraded Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) from Neutral to Buy and announced a $30 price target. Sirius XM shares fell 1.6% to close at $23.27 on Tuesday. <a href="https://www.benzinga.com/quote/SIRI/analyst-ratings">See how other analysts view this stoc</a>k.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/594d093d988ca8000150db4e/jonathan-petersen">Jefferies analyst Jonathan Petersen</a> upgraded the rating for Extra Space Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) from Hold to Buy and raised the price target from $162 to $204. Extra Space Storage shares gained 0.7% to close at $178.78 on Tuesday. <a href="https://www.benzinga.com/quote/EXR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays analyst Adrienne Yih upgraded the rating for Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) from Underweight to Equal-Weight and raises the price target from $23 to $25 Victoria&#8217;s Secret shares gained 3% to close at $24.27 on Tuesday. <a href="https://www.benzinga.com/quote/VSCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64fb1c739ab00f000169d491/scott-heleniak">RBC Capital analyst Scott Heleniak</a> upgraded the rating for NMI Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from Sector Perform to Outperform and boosted the price target from $40 to $48. NMI Holdings shares fell 1.4% to close at $41.15 on Tuesday. <a href="https://www.benzinga.com/quote/NMIH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying GEHC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="523" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-1024x523.png" alt="" class="wp-image-554014" style="width:615px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-1024x523.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-768x392.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142.png 1315w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<a href="https://www.benzinga.com/24/09/40898216/cramer-hewlett-packard-is-a-very-inexpensive-stock-likes-this-big-tech-stock">Cramer: Hewlett Packard Is A &#8216;Very Inexpensive&#8217; Stock, Likes This Big Tech Stock</a>

Pre-Market Outlook

Markets

GEHC

NMIH

SIRI

VSCO

This GE HealthCare Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Jefferies analyst Jonathan Petersen upgrades Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) from Hold to Buy and raises the price target from $162 to $204.

Upgrades

Jefferies Upgrades Extra Space Storage to Buy, Raises Price Target to $204

Disclosed in a recent SEC filing on September 16, Woolley, Director at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: In an insider options sale disclosed in a Form 4 filing on Monday with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024040550//Archives/edgar/data/1289490/000162828024040550/0001628280-24-040550-index.htm">U.S. Securities and Exchange Commission</a>, Woolley, Director at Extra Space Storage, exercised stock options for 6,647 shares of EXR. The transaction value amounted to $641,767.
As of Tuesday morning, Extra Space Storage shares are down by 0.0%, with a current price of $177.63. This implies that Woolley's 6,647 shares have a value of $641,767.
<h3>Unveiling the Story Behind Extra Space Storage</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
<h3>Financial Insights: Extra Space Storage</h3>
Revenue Growth: Extra Space Storage's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 58.52%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 73.29%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 0.88.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.83, Extra Space Storage adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 48.53, Extra Space Storage's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 11.68 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Extra Space Storage's EV/EBITDA ratio stands at 22.64, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>Why Pay Attention to Insider Transactions</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Unloading: Kenneth Woolley Sells Options, Realizes $641K

Evercore ISI Group analyst Steve Sakwa maintains Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a In-Line and raises the price target from $167 to $170.

Evercore ISI Group Maintains In-Line on Extra Space Storage, Raises Price Target to $170

Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) has outperformed the market over the past 10 years by 2.52% on an annualized basis producing an average annual return of 12.95%. Currently, Extra Space Storage has a market capitalization of $37.06 billion. 
Buying $1000 In EXR: If an investor had bought $1000 of EXR stock 10 years ago, it would be worth $3,438.77 today based on a price of $174.89 for EXR at the time of writing.
<h3>Extra Space Storage's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726066819_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Extra Space Storage 10 Years Ago Would Be Worth This Much Today

RBC Capital analyst Jonathan Atkin initiates coverage on Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a Sector Perform rating and announces Price Target of $180.

Initiation

RBC Capital Initiates Coverage On Extra Space Storage with Sector Perform Rating, Announces Price Target of $180

Self-storage real estate investment trusts&nbsp;(REITs), which generate income by leasing storage units to tenants, have become popular among investors seeking <a href="https://www.benzinga.com/money/self-storage-reits">stable and consistent returns</a>.
The SSA (Self-Storage Association) Fall Conference indicated that market participants believe the operating environment "may be bottoming" and capital market headwinds could "soon subside," according to KeyBanc Capital Markets.
The Specialized REITs Analyst: Todd Thomas downgraded the ratings for National Storage Affiliates Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) from Overweight to Sector Weight. 
Thomas also reiterated an Overweight rating on Extra Space Storage Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), while raising the price target to $178.
The Specialized REITs Thesis: While demand remains under pressure, move-in rents are lower than last year, and "aggressive ECRI strategies continue to create anxiety across the industry," Thomas said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Thomas stated that he expects National Storage Affiliates Trust's portfolio to "continue to lag vs. peers as the demand environment remains weaker than we thought it would at this point in the year," he added.
"We expect the REITs to continue to outperform within the industry as they are relatively well-capitalized and have significant scale and platform advantages," the analyst wrote. They also "stand to benefit from ongoing consolidation," Thomas stated.
"The biggest news out of the conference was that EXR plans to collapse the Life Storage brand after 11 months of testing, and there are several small and midsize portfolios hitting the market which could lead to an increase in acquisition activity in the months ahead," he further wrote.
Price action at the time of publication:
<ul>
<li>Nucor's shares were trading flat at $46.47</li>
<li>Shares of Extra Space Storage had risen by 1.56% to $176.29</li>
</ul>
Now Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40773576/us-yield-curve-no-longer-inverted-why-this-time-the-recession-scenario-might-be-d">US Yield Curve No Longer Inverted: Why This Time The Recession Scenario Might Be Different For Investors</a>
Image: Shutterstock

Analyst Color

Downgrades

Reiteration

Movers

Self-Storage REITs Analyst Is Bullish On Extra Space Storage, But No Longer Bullish On This Stock

Keybanc analyst Todd Thomas maintains Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a Overweight and raises the price target from $172 to $178.

Keybanc Maintains Overweight on Extra Space Storage, Raises Price Target to $178

William Springer, EVP at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), disclosed an insider sell on August 29, according to a recent SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024038878//Archives/edgar/data/1289490/000162828024038878/0001628280-24-038878-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Springer sold 2,000 shares of Extra Space Storage. The total transaction value is $350,660.
As of Friday morning, Extra Space Storage shares are up by 0.35%, currently priced at $176.15.
<h3>Get to Know Extra Space Storage Better</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
<h3>Extra Space Storage: Financial Performance Dissected</h3>
Revenue Growth: Extra Space Storage's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 58.52%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a high gross margin of 73.29%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 0.88.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.83, Extra Space Storage adopts a prudent financial strategy, indicating a balanced approach to debt management.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 47.96, Extra Space Storage's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 11.55, Extra Space Storage's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Extra Space Storage's EV/EBITDA ratio, surpassing industry averages at 22.44, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Illuminating the Importance of Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

William Springer Implements A Sell Strategy: Offloads $350K In Extra Space Storage Stock

Evercore ISI Group analyst Steve Sakwa maintains Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a In-Line and raises the price target from $166 to $167.

Evercore ISI Group Maintains In-Line on Extra Space Storage, Raises Price Target to $167

Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) has outperformed the market over the past 10 years by 1.98% on an annualized basis producing an average annual return of 12.82%. Currently, Extra Space Storage has a market capitalization of $37.78 billion. 
Buying $1000 In EXR: If an investor had bought $1000 of EXR stock 10 years ago, it would be worth $3,340.45 today based on a price of $178.28 for EXR at the time of writing.
<h3>Extra Space Storage's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724794214_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Extra Space Storage Stock In The Last 10 Years

Extra Space Storage's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) short percent of float has fallen 4.03% since its last report. The company recently reported that it has 4.06 million shares sold short, which is 2.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.16 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Extra Space Storage Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724445010_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Extra Space Storage has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Extra Space Storage's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Extra Space Storage's peer group average for short interest as a percentage of float is 4.31%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Extra Space Storage's Recent Short Interest

Scotiabank analyst Nicholas Yulico maintains Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a Sector Underperform and raises the price target from $159 to $169.

Scotiabank Maintains Sector Underperform on Extra Space Storage, Raises Price Target to $169

Barclays analyst Brendan Lynch maintains Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a Overweight and raises the price target from $158 to $188.

Barclays Maintains Overweight on Extra Space Storage, Raises Price Target to $188

Truist Securities analyst Ki Bin Kim maintains Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a Hold and raises the price target from $152 to $167.

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