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 $109.8 million.
  • EXR has traded 8,203 shares today.
  • EXR is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in EXR with the Ticky from Trade-Ideas. See the FREE profile for EXR NOW at Trade-Ideas

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 2.6%. EXR has a PE ratio of 59. Currently there are 9 analysts that rate Extra Space Storage a buy, 1 analyst rates it a sell, and 2 rate it a hold.

The average volume for Extra Space Storage has been 1.6 million shares per day over the past 30 days. Extra Space has a market cap of $11.3 billion and is part of the financial sector and real estate industry. Shares are up 3.3% year-to-date as of the close of trading on Monday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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 robust revenue growth, solid stock price performance, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 7.9%. Since the same quarter one year prior, revenues rose by 36.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Compared to its closing price of one year ago, EXR's share price has jumped by 28.96%, exceeding the performance of the broader market during that same time frame. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • EXTRA SPACE STORAGE INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, EXTRA SPACE STORAGE INC increased its bottom line by earning $1.58 versus $1.54 in the prior year. This year, the market expects an improvement in earnings ($2.34 versus $1.58).
  • The gross profit margin for EXTRA SPACE STORAGE INC is rather high; currently it is at 55.36%. Regardless of EXR's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, EXR's net profit margin of 3.73% is significantly lower than the industry average.
  • Net operating cash flow has remained constant at $81.05 million with no significant change when compared to the same quarter last year. This quarter, EXTRA SPACE STORAGE INC's cash flow growth rate has remained relatively unchanged and is slightly below the industry average.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.