Trade-Ideas LLC identified

Extra Space Storage

(

EXR

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Extra Space Storage as such a stock due to the following factors:

  • EXR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $72.7 million.
  • EXR has traded 5,798 shares today.
  • EXR is trading at a new lifetime high.

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More details on EXR:

Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. The stock currently has a dividend yield of 2.9%. EXR has a PE ratio of 43. Currently there are 8 analysts that rate Extra Space Storage a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Extra Space Storage has been 1.0 million shares per day over the past 30 days. Extra Space has a market cap of $10.0 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.16 and a short float of 2.5% with 2.71 days to cover. Shares are up 38.1% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Extra Space Storage as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 6.1%. Since the same quarter one year prior, revenues rose by 16.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • EXTRA SPACE STORAGE INC has improved earnings per share by 23.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, EXTRA SPACE STORAGE INC increased its bottom line by earning $1.54 versus $1.51 in the prior year. This year, the market expects an improvement in earnings ($1.70 versus $1.54).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 32.3% when compared to the same quarter one year prior, rising from $54.23 million to $71.72 million.
  • The gross profit margin for EXTRA SPACE STORAGE INC is rather high; currently it is at 58.91%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 35.42% is above that of the industry average.
  • Net operating cash flow has increased to $102.99 million or 15.97% when compared to the same quarter last year. In addition, EXTRA SPACE STORAGE INC has also modestly surpassed the industry average cash flow growth rate of 9.44%.

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