Extra Space Storage Inc SHORT
Short @ 95.03
Market Cap - 12.53B
Beta - 0.40
Price/Book - 5.12
Forward P/E - 31.59
- Since the beginning of the year, shares of EXR have continued to outperform the industry.
- Despite 1Q18
- Lots of the company's markets are witnessing an increasing supply of new self-storage space which is due to fuel competition - meaning EXR won't be able to raise rent price and will have to start discounting this could affect the company's bottomline.
- Interest rate hikes are also a concern for Extra Space Storage. Higher rates mean higher borrowing costs which would affect it to be able to develop or purchase real estate and lower dividends.
- Their self-storage units are leased on a month-to-month basis. If clients financial situation become distressed they can vacate whenever.
- Forward P/E is quite concerning at 31.59x which might indicate to investors not to pay such a premium price.
NeroTree Capital rates Extra Space Storage as a SELL with a price target of $85.
Market Cap - 12.53B
Beta - 0.40
Price/Book - 5.12
Forward P/E - 31.59
- Since the beginning of the year, shares of EXR have continued to outperform the industry.
- Despite 1Q18
- Lots of the company's markets are witnessing an increasing supply of new self-storage space which is due to fuel competition - meaning EXR won't be able to raise rent price and will have to start discounting this could affect the company's bottomline.
- Interest rate hikes are also a concern for Extra Space Storage. Higher rates mean higher borrowing costs which would affect it to be able to develop or purchase real estate and lower dividends.
- Their self-storage units are leased on a month-to-month basis. If clients financial situation become distressed they can vacate whenever.
- Forward P/E is quite concerning at 31.59x which might indicate to investors not to pay such a premium price.
NeroTree Capital rates Extra Space Storage as a SELL with a price target of $85.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.