Extra Space Storage Inc. (EXR) consistently generated news in recent times. The company reportedly experienced robust gains in occupancy and outperformed competitor stocks, despite occasional daily losses. The firm's Q3 2024 earnings demonstrated strong performance, with the shares crossing the 4% yield mark, and actual revenue surpassing estimates. Nevertheless, it faced instances of underperformance, falling short of earnings estimates notably by $1.12 EPS. Despite this, firms like Ceredex Value Advisors and abrdn have repositioned their stakes in EXR. EXR's Q3 FFO topped estimates leading to an occupancy rise. Analysts have given EXR a consensus rating of \"Hold\" with several financial advisory firms increasing their investments in the company. Barclays raised the price target, signaling confidence in the company's prospects. However, negative news includes Wells Fargo downgrading the company to an Equal Weight rating. The company also recently celebrated two decades as a publicly traded entity and issued pricing for $400 million of senior notes due 2035. Hamlin Capital Management strengthened its position in EXR, but the stock received mixed reviews from other analysts.
Extra Space Storage EXR News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Sat, 02 Nov 2024 13:43:01 GMT -
Rating 6
- Innovation -2
- Information 9
- Rumor -1
