Quick Briefing on Extra Space Storage

Shares of Real Estate sector company Extra Space Storage moved 0.8% today, and are now trading at a price of $119.07. The large-cap stock's daily volume was 135,799 compared to its average volume of 1,454,526. The S&P 500 index returned a 0.0% performance.

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. The company is based in Salt Lake City and has 4,781 full time employees. Its market capitalization is $26,015,723,520. Extra Space Storage currently offers its equity investors a dividend that yields 4.5% per year.

12 analysts are following Extra Space Storage and have set target prices ranging from $115.0 to $185.0 per share. On average, they have given the company a rating of buy. At today's prices, EXR is trading -21.88% away from its average analyst target price of $152.42 per share.

Over the last year, EXR shares have gone down by -23.0%, which represents a difference of -33.0% when compared to the S&P 500. The stock's 52 week high is $170.3 per share and its 52 week low is $101.19. With average free cash flows of $867.44 Million that have been growing at an average rate of 11.0% over the last 6 years, Extra Space Storage declining stock performance may not be reflective of the quality of its underlying business.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k) YoY Growth (%)
2023 1,227,279 70,007 1,157,272 -1.6
2022 1,238,139 62,019 1,176,120 31.23
2021 952,436 56,226 896,210 27.31
2020 771,232 67,300 703,932 7.64
2019 707,686 53,717 653,969 5.97
2018 677,795 60,677 617,118
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.