Extra Space Storage Inc (Maryland) (EXR) Stock AnalysisEXRExtra Space Storage Inc (Maryland)

Extra Space Storage, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties (stores) and provides lending to owners of stores located throughout the United States. Its segments include self-storage operations and tenant reinsurance. Its self-storage operations segment includes rental operations of wholly owned stores. Its tenant reinsurance segment includes the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company owns and operates 4,344 self-storage properties, which comprise approximately 3.0 million units and approximately 335.6 million square feet of rentable storage space operating under the Extra Space brand. It offers customers a selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It operates in the Real Estate sector (REAL ESTATE INVESTMENT TRUSTS industry).

Extra Space Storage Inc is a good buy right now, as it is currently priced at $139.61, with a forward P/E ratio of 28.99, indicating reasonable valuation compared to its growth potential. The stock has shown a positive momentum with a 5-day change of +3.68% and a strong RSI of 78.97, suggesting it is in a bullish trend. The main risk is its current debt to equity ratio of 96.26%, which indicates high leverage that could impact financial stability if market conditions worsen.

16 analysts cover EXR: 4 rate it Buy, 11 Hold and 1 Sell. The average price target is 152.00.