# Extra Space Storage Inc. – Consensus ‘buy’ rating and 22.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/extra-space-storage-inc.consensus-buy-rating-and-22.2-upside-potential/4121127919
- Published: 2023-09-20T13:47:31+01:00
- Author: Charlotte Edwards

**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.

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