In the past 52-week period, shares of Extra Space Storage Inc. (NYSE:EXR) have moved within the range of $68.09 to $83.23. On the stock’s most recent trading day, the company’s shares ended the regular session at $78.70, which is 5.44% lower than its 52-week high.
Extra Space Storage Inc. (EXR) has demonstrated a 20-day simple moving average (SMA) of -2.57%, and a 50-day SMA of -0.67%. This public company’s current market capitalization stands at $9.91 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
Measuring Wall Street analysts’ average enthusiasm for a specific stock is critical when considering a potential investment. According to the latest data, the consensus recommendation for Extra Space Storage Inc. (EXR) is Hold.
Publicly-traded companies normally report earnings and revenue figures that are either above or below the average Wall Street projection. In the most recent quarterly financial report, for the quarter ending Jun. 2017, Extra Space Storage Inc. (EXR) delivered a 0.97% surprise with its net revenue. Sales reached $0.24 billion during the three-month period, compared to the average analyst estimate of $0.24 billion.
Meanwhile, during the same quarter Extra Space Storage Inc. (EXR) delivered a 3.88% earnings surprise. Net earnings for the quarter were posted at $1.09 per share, whereas Wall Street had forecast $1.05 per share.
Ownership at Extra Space Storage Inc. (EXR), According to Most Recent SEC Filings
We can gain important insight by taking a look at institutional ownership, as detailed in public companies’ latest 13F filings. Extra Space Storage Inc. (EXR) has 0.13 billion shares outstanding currently, 107.03% of which belong to institutional investors. Those institutional holdings amount to $10.88 billion.
Additionally, according to the most recent 13F filing from Extra Space Storage Inc. (EXR), there were 38 new positions totaling 4,909,649 shares of the company’s stock. There were 44 sold out positions, on the other hand, totaling 561,919 shares.
Short, Medium and Long Term Indicators
Analyzing the average trade volume of a publicly-traded company’s stock – in the short, medium and long terms – is helpful for gaining insight into trading activity and general investor sentiment. Extra Space Storage Inc. (EXR) has had a 20-day average volume of 991,190 shares, with an average of 40% of short term indicators pointed at Sell.
The stock’s 50-day average volume has been 891,108 shares, with an average of 25% of medium term indicators pointing toward Sell. Finally, its 100-day average volume is 1,001,761 shares with 67% of long-term indicators pointing to Buy.