Stock on the Run: Extra Space Storage Inc. (NYSE: EXR)

On Monday, Shares of () gained 0.65% to $108.76. The stock grabbed the investor’s attention and traded 736.215K shares as compared to its average daily volume of 848.13K shares.

Extra Space Storage Inc. () stated that it had funds from operations of $157.70M, or $1.16 per share, in the period. The company said it had net income of $94.80M, or 74 cents per share.

The self-storage facility real estate investment trust posted revenue of $311.50M in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $309.40M. For the current quarter ending in July, Extra Space Storage anticipates its per-share funds from operations to range from $1.18 to $1.20. The company anticipates full-year funds from operations in the range of $4.76 to $4.85 per share.

EXR has a market value of $13.86B while its EPS was booked as $3.11 in the last 12 months. The stock has 127.44M shares outstanding. In the profitability analysis, the company has gross profit margin of 73.40%. Beta value of the company was 0.27; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.70.

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