Extra Space Storage Inc. (EXR) has remained a significant player in the self-storage investment market attracting positive attention from Wall Street analysts. The firm continues to offer dividends to its shareholders, with the most recent quarterly dividend rated at $1.62. Extra Space Storage's upcoming earnings report is anticipated due to its consistent financial performance and robust dividend payouts.
The company has further announced its plans to manage its borrowing costs through a $1 Billion Commercial Paper Note Program. It has also made strides in senior note offerings, with recent reports specifying offerings totaling up to $300 million and $350 million.
While there have been varying investor activities, with entities like Swedbank AB and SMART Wealth LLC selling shares, others, such as Vaughan Nelson Investment Management support the Inc. by increasing their stakes. However, price targets have lowered for EXR by some analysts. Notwithstanding, the firm has performed comparatively favorably among other REITs.
EXR's significant achievements include its 20-year celebration as a publicly traded company and noteworthy M&A activities, primarily the acquisition of Life Storage in a $12.7 billion deal. This merger further cements EXR's position in the self-storage industry.
Extra Space Storage EXR News Analytics from Wed, 09 Nov 2022 08:00:00 GMT to Sat, 22 Feb 2025 08:28:26 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor -7
