New Lifetime High Reached: Extra Space Storage (EXR)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 $37.1 million.
  • EXR has traded 5,411 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 3.2%. EXR has a PE ratio of 31.8. Currently there are 3 analysts that rate Extra Space Storage a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Extra Space Storage has been 697,600 shares per day over the past 30 days. Extra Space has a market cap of $6.8 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.61 and a short float of 4% with 6.39 days to cover. Shares are up 39.2% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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, good cash flow from operations and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 13.8%. Since the same quarter one year prior, revenues rose by 24.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 80.76% and other important driving factors, this stock has surged by 39.95% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, EXR should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • 47.72% is the gross profit margin for EXTRA SPACE STORAGE INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 31.54% is above that of the industry average.
  • Net operating cash flow has increased to $88.81 million or 23.28% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 6.70%.
  • 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 85.4% when compared to the same quarter one year prior, rising from $29.25 million to $54.23 million.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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