Extra Space Storage Inc. (NYSE: EXR) has seen a mix of strong and underperforming trading days recently. Despite trimmed stakes by some wealth management firms, new investments are being made by entities such as Benjamin F. Edwards & Company Inc. and Kestra Private Wealth Services. Analysts are viewing EXR with an average "Hold" recommendation, affirming it as a suitable long-term investment. Notably,
EXR's Q1 and Q2 FFO exceeded estimates and it experienced increased occupancy. Despite facing challenges, the consensus is that holding onto EXR's stock could be wise. This positive performance is reflected in
EXR stock's significant growth since the last earnings report, notably up 25% in the past month. Concerns, however, include a reported decline in Q4 Net Income amid Life Storage merger costs and underperformance compared to competitors on certain days. Still, the issue of additional dividends along with a solid track record in the REIT industry keep this asset in a healthy position. The company recently announced the pricing of Senior Notes worth $600 Million due in 2034, indicating a strategic financial move.
Extra Space Storage EXR News Analytics from Mon, 12 Jun 2023 07:00:00 GMT to Sun, 12 May 2024 10:51:04 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -5
