Extra Space Storage, Inc. ($EXR) Cautious Buy or Hold to $106 Confident Investor Rating: Fair
|Company name||Extra Space Storage, Inc.|
|Live stock price||[stckqut]EXR[/stckqut]|
|P/E compared to competitors||Good|
|Confident Investor Rating||Fair|
|Target stock price (TWCA growth scenario)||$107.38|
|Target stock price (averages with growth)||$154.43|
|Target stock price (averages with no growth)||$118.77|
|Target stock price (manual assumptions)||$107.02|
The following company description is from Reuters: https://www.reuters.com/finance/stocks/company-profile/exr
Extra Space Storage Inc., incorporated on April 30, 2004, is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company’s rental operations activities include rental operations of stores in which it has an ownership interest. The Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company’s property management, acquisition and development activities include managing, acquiring, developing and selling stores.
Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in Extra Space Storage, Inc. as long as the price is correct and the indicators that I describe in my book The Confident Investor are favorable. Most of the fundamentals of this company are good but there are some concerns. I am removing Extra Space Storage from my Watch List as I think there are better choices in the market.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of Extra Space Storage, Inc. calculated?
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
- Stock price at the time of the calculation: $91.98
- Growth: 0.14
- Current EPS (TTM): $3.73
- P/E: 24
- Future EPS Calc: $7.18
- Future Stock Price Calc: $172.36
- Target stock price: $107.02
I hope that this makes you a Confident Investor.