Numerous developments were reported for
Extra Space Storage Inc. (EXR). Reflecting strong trading activity, EXR's shares outperformed competitors, while Quadrant Capital Group LLC, Avantax Advisory Services Inc., and Robeco Institutional Asset Management B.V. curtailed their stakes. Conversely, Assetmark Inc., Norges Bank, QRG Capital Management Inc., and Benjamin F. Edwards & Company Inc. boosted their holdings. Meanwhile, reviews varied widely with a new
$158 price target set by Barclays and average recommendation of “Hold” indicated by analysts. EXR’s Q4 net income declined due to
Life Storage merger costs, while Q1 2024 earnings displayed growth amidst challenges. The company revealed Dividend for 1st Quarter 2024 and established pricing for $600 Million of 5.400% Senior Notes due 2034. Moreover, frequent disparities were noted between estimates and actual Q4 and Q1 earnings. Lastly, EXR underwent a merger with Life Storage, resulting in approval of stockholders from both sides and yielding Extra Space Storage as the nation's largest self-storage company.
Extra Space Storage EXR News Analytics from Mon, 05 Jun 2023 07:00:00 GMT to Thu, 23 May 2024 20:51:58 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -5
