Extra Space Storage, Inc. EXR Stock Analysis

Extra Space Storage, Inc. stock trades under the ticker EXR & has shown recent bullishness that traders & investors may want to look closer into.

EXR stock closed at $158.14/share on 11/18/2022.

Extra Space Storage, Inc. EXR Stock’s Technical Performance Broken Down

Extra Space Storage, Inc. EXR Stock's Technical Performance Over The Last Year

EXR Stock Price: $158.14

10 Day Moving Average: $155.84

50 Day Moving Average: $169.25

200 Day Moving Average: $182.89

RSI: 44.92

MACD: -4.334

On Friday, EXR completed a bullish MACD crossover, closing up 1.83%.

Recent trading volumes have been above average compared to the year before, and their RSI is neutral, signaling that there may be more short-term strength to come.

EXR stock has support at the $155.84 & $152.63/share price level, as they try to break out & above the $160.60 & $161.83/share resistance levels.

Extra Space Storage, Inc. EXR Stock As A Long-Term Investment

Long-term oriented investors will like EXR stock’s 22.95 P/E (ttm), but will find their 6.52 P/B (mrq) to be a bit too rich.

They recently reported 21.2% Quarterly Revenue Growth Y-0-Y, with 17.2% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will require a more thorough review before investing, with a reported $141.97M of Total Cash (mrq) & $7.23B of Total Debt (mrq).

EXR stock pays a 3.7% dividend, which may not be sustainable at such a high level for the long-run, as their payout ratio is 83.45%.

99% of EXR stock’s outstanding share float is owned by institutional investors.

Extra Space Storage, Inc. EXR Stock As A Short-Term Trade Using Options

Short-term focused traders can trade options to profit from EXR stock’s price movements, while hedging against broader market volatility.

I am looking at the contracts with the 12/16 expiration date.

The $155, $150 & $145 calls are all in-the-money, listed from highest to lowest level of open interest.

The $165, $175 & $180 puts are also all in-the-money, with the former being more liquid than the latter two strikes.

Tying It All Together

EXR stock has many interesting charactertistics that traders & investors will find appealing.

Investors will like their dividend yield, but may want to review their balance sheet to see how sustainable it is in the long-run.

Traders will like their recent technical performance, as well as how liquid their options are.

All-in-all, it is worth taking a closer look into EXR stock to see how it fits into your portfolio strategy.