There has been a lot of activity in **Extra Space Storage Inc.** stock lately. **Sumitomo Mitsui Trust Holdings Inc.** has reduced their holdings while **QRG Capital Management Inc.** and **Czech National Bank** increased their shares. **Truist Securities** and **Raymond James** raised their value target, whereas it was downgraded by **Bank of America**. Future projections indicate potential for continued growth, however, across the currently challenging market backdrop. The company has recently completed the process of merging with **Life Storage**, showing both companies' goals to leverage shared resources for common growth. The company has announced the second quarter 2024 dividend and overcame the high-interest complicated landscape in Q1 2024. A new $400m senior notes due 2035 deal was finalized, and raised their FFO guidance amidst market challenges. Indicators such as the company's 13% rise in the past 3 months and its Q2 earnings that outpaced estimates have contributed to encouraging sentiments on their long-term investment suitability. Nevertheless, certain factors like weak demand, low housing turnover and high-interest rates have exerted some pressure.
Extra Space Storage EXR News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Sun, 18 Aug 2024 15:50:08 GMT -
Rating 7
- Innovation -4
- Information 8
- Rumor 1
