First Trust Direct Indexing L.P. has increased its stake in Extra Space Storage Inc.\n\nThough the Extra Space Storage Inc. stock saw a rise, it still underperforms the market.\n\nJoseph Margolis sold $1.14M worth of Extra Space Storage Stock.\n\nExtra Space Storage (EXR) surpassed Q1 FFO estimates and also saw an increase in occupancy rates. Diversify Advisory Services LLC and Norden Group LLC have taken significant positions in Extra Space Storage Inc.\n\nSumitomo Mitsui Trust Holdings Inc. sold a large number of Extra Space Storage Inc. shares.\n\nDespite a high-interest rate that exerted pressure on Extra Space Storage in Q1, its FFO and revenues topped estimates.\n\nThe Extra Space Storage Inc. stock outperformed competitors amid some strong trading days.\n\nHowever, several entities, including Los Angeles Capital Management LLC, made reductions in their holdings.\n\nNew investments were also made by Creekmur Asset Management LLC and GAMMA Investing LLC.Issues related to oversupply and diminished demand are posing challenges for Extra Space Storage.\n\nDespite this, analysts ponder if it is ideal to retain Extra Space Storage stock for the time being. \n\nThe merger with Life Storage Inc. resulted in a decline in net income in Q4.\n\nSeveral analysts and investors believe that Extra Space Storage makes for a sound long-term investment, stating strategic SWOT insights and promising growth in the self-storage sector. Nevertheless, the stock was rated 'Sector Underperform' by Scotiabank due to weak pricing.\n\nExtra Space Storage has announced the pricing of its Senior Notes and is gearing up for earnings release and conference call to discuss results.
Extra Space Storage EXR News Analytics from Tue, 18 Jul 2023 07:00:00 GMT to Sun, 07 Jul 2024 14:09:03 GMT -
Rating 3
- Innovation 0
- Information 7
- Rumor 2
