Extra Space Storage Inc., the second-largest operator of self-storage facilities in the U.S, has had a dynamic period recently. While it announced 4th Quarter 2024 Dividend, a $300M Senior Notes Offering at 5.7% Through 2028, and a $1 Billion Commercial Paper Note Program, it has seen investors such as Holocene Advisors LP and Verition Fund Management LLC decrease their holdings. Despite this, the firm has some positive signs; it experienced strong occupancy gains, beat Q3 FFO and Revenue Estimates, and has seen a substantial upswing in share purchase by major entities such as State Street Corp, Centiva Capital LP, Erste Asset Management GmbH and Public Sector Pension Investment Board. Yet, the stock has seen mixed performance, outperforming competitors on some days while underperforming on others. The company has recently launched a $1B Commercial Paper Program aimed at lowering borrowing costs and has seen a 21% rise in its stock within three months. The company's CEO, Joe Margolis, was awarded the Glassdoor Employees’ Choice Award, but there have also been significant stock sell-offs by key personnel and the overall performance of the firm and its share price is a subject of rigorous Wall Street debate.
Extra Space Storage EXR News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Sat, 07 Dec 2024 20:07:45 GMT - Rating 7 - Innovation 3 - Information 6 - Rumor 3
