# Extra Space Storage Inc. – Consensus ‘buy’ rating and 24.6% Upside Potential

- Link: https://www.directorstalkinterviews.com/extra-space-storage-inc.consensus-buy-rating-and-24.6-upside-potential/4121126338
- Published: 2023-08-30T12:13:17+01:00
- Author: Charlotte Edwards

**Extra Space Storage Inc.** which can be found using ticker (EXR) have now 12 analysts
in total covering the stock. The consensus rating is pointing to ‘buy’. The target
price High/Low ranges between 185 and 135 calculating the mean target price we have
$160.17. Now with the previous closing price of $128.53 this is indicating there
is a potential upside of 24.6%. Also worth taking note is the 50 day moving average
now sits at $140.13 while the 200 day moving average is $150.81. The total market
capitalization for the company now stands at 28.53B. The current share price for
the company is: 130.58 USD

 The potential market cap would be $35,553,873,050 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 21.34, 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.

Share on: