Various highlights underline the market activities around Extra Space Storage (EXR). Pathway Financial Advisers sold over 2 million shares of EXR, whereas Manning & Napier Advisors purchased over 700,000 shares. Jefferies adjusted its price target from $175 to $177 while maintaining a buy rating. The company has launched a $1 billion commercial paper note program, and the CEO, Joe Margolis, won a Glassdoor Employees' Choice award. EXR recently set an earnings call for Q4 2024 and announced pay-outs of several dividends, including a Q3 2024 dividend and a $1.62 per share Q4 2024 dividend. The company also priced a $300 mini senior notes offering and expanded its 2030 notes to $800 million in total. Notably, EXR celebrated 20 years as a publicly traded company and reported strong occupancy and revenue growth.
On the M&A front, EXR closed a merger with Life Storage and announced a staggering $12.7 billion deal to acquire Life Storage, forming the preeminent storage operator. The company was named one of the best places to work in 2020, exhibiting a positive organisational culture. These activities suggest a solid growth potential for EXR, attracting multiple investments from esteemed entities.
Extra Space Storage EXR News Analytics from Wed, 11 Dec 2019 08:00:00 GMT to Fri, 14 Feb 2025 16:18:15 GMT - Rating 7 - Innovation -2 - Information 8 - Rumor -8
