Extra Space Storage Inc. (EXR) has experienced varied investment strokes in recent times. The company has seen shares bought by
GAMMA Investing LLC, while other holdings were reportedly cut by
Fisher Asset Management LLC. It had a strong trading day, outperforming competitors, while also successfully meeting 80-plus relative strength rating benchmarks. The Real Estate Investment Trust (REIT) has a solid track record dividend growth. However, there was the impact of high-interest rates on the company during Q1. A considerable share sale by the
American International Group took place - all while other investment groups seemingly showed confidence by gaining interests in
EXR, including the
Wellington Management Group and the
Public Employees Retirement System of Ohio. Reportedly,
EXR's Q1 FFO surpassed estimates as occupancies rose, while financial results indicated sound performance amidst challenges. Nevertheless, reports highlighted concern about oversupply and reduced demand. Amidst these scenarios, the company announced details affirmed its dividends and reported varied earnings performance over different quarters. They've incurred some merger costs which impacted their net income. There have been notable insiders' moves, including purchases by some key individuals.
Extra Space Storage EXR News Analytics from Tue, 18 Jul 2023 07:00:00 GMT to Sat, 22 Jun 2024 09:37:34 GMT -
Rating 5
- Innovation 0
- Information 8
- Rumor -3
