A director at Extra Space Storage Inc sold 7,500 shares at 147.450USD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
Moody's Ratings ( Moody's ) today assigned a Prime-2 commercial paper rating to the $1 billion commercial paper (CP) note program of Extra Space Storage LP, the main operating subsidiary of Extra Space Storage Inc. (collectively "Extra Space"). We also affirmed Extra Space Storage LP's Baa2 issuer r...
Upgrading Consumer Staples, Real Estate, and Health Care to Overweight; List of Concerns Continues to Grow Our long-term outlook remains neutral on the S&P 500 (SPX) as of our 8/6/24 Compass, after being bullish since early-November 2023. In late-July (7/30/24 Compass) we discussed expectations for a 1- to 4-month pullback/consolidation period on the SPX and Nasdaq 100 (QQQ), and at this point it seems likely to last closer to four months, and potentially 4- to 6-months from our selected 7/17/2...
Moody's Ratings (Moody's) today affirmed the ratings of Extra Space Storage LP, including its Baa2 issuer rating, Baa2 senior unsecured rating, and (P)Baa2 senior unsecured shelf rating, and revised the outlook to positive from stable. Extra Space Storage LP is the main operating subsidiary of Extra...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Defensive Areas Starting to Lead Since late-January/early-February we have recommended shifting to defensives due to our belief that 4165-4200 will cap upside on the S&P 500 in 2023, while also conceding that a reach to 4300-4325 is possible. Considering limited upside in both scenarios, we continue to recommend shifting to defensives. Defensive Sectors including Health Care (XLV), Utilities (RYU, XLU), and Consumer Staples (XLP) are hitting 2+ month RS highs, and are staging bullish price and ...
The independent financial analyst theScreener just lowered the general evaluation of EXTRA SPACE STORAGE (US), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date January 18, 2022, the closing price was USD 20...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Caution remains warranted We have noted several times throughout the month of August that key support levels were being tested for global equities (8/6 Compass and 8/8, 8/15, & 8/22 Int'l Compass), and while there has yet to be a decisive breakdown, as time has passed there has been new negative developments which lead us to be even more cautious. This past Friday's test of support is no different, and we believe the market is more vulnerable to a breakdown than it has been at any other point t...
Key Points: • Despite weakness in a number of Consumer Discretionary stocks, there are a number of names that remain attractive (ex. KBH, PHM, SIX, RRGB, WEN, SHAK, DNKN, and WMT) • The Consumer Staples Sector continues to have a number of leadership names. (ex. HSY, K, SAFM, VGR, and CHD) • Gold remains a leadership area of the market. (ex. RGLD, and NEM) • REITs and Utilities are increasingly moving as market leadership. (ex. OHI, WELL, LTC, DEA, IRT, EQR, UDR, ADC, EXR, CONE, NS...
No-moat rated Extra Space Storage reported a good first quarter as it continues to attract tenants in an increasingly competitive operating environment. Core funds from operations grew 6.4% year over year largely due to a strong 4.8% same-store net operating income growth. After updating our model to incorporate quarterly results, we are increasing our fair value estimate for the firm to $101 per share from $96. Extra Space Storage’s revenue fundamentals remain sound. Though occupancy declin...
No-moat rated Extra Space Storage reported a good first quarter as it continues to attract tenants in an increasingly competitive operating environment. Core funds from operations grew 6.4% year over year largely due to a strong 4.8% same-store net operating income growth. After updating our model to incorporate quarterly results, we are increasing our fair value estimate for the firm to $101 per share from $96. Extra Space Storage’s revenue fundamentals remain sound. Though occupancy declin...
No-moat rated Extra Space Storage reported a good first quarter as it continues to attract tenants in an increasingly competitive operating environment. Core funds from operations grew 6.4% year over year largely due to a strong 4.8% same-store net operating income growth. After updating our model to incorporate quarterly results, we are increasing our fair value estimate for the firm to $101 per share from $96. Extra Space Storage’s revenue fundamentals remain sound. Though occupancy declin...
Extra Space generates revenue through rental income on its wholly owned and joint-venture self-storage facilities, tenant reinsurance, and management fees for third-party facilities. We believe the self-storage business will continue to lend itself to consistent revenue growth in the form of incremental rent increases and a growing portfolio of facilities located in key metropolitan areas. Management expands the top line by increasing one of three key drivers: price, occupancy rate, and rentable...
Extra Space Storage reported a decent fourth-quarter and full-year 2018 that was well in line with our expectations. We will maintain our $94 per share fair value estimate and no-moat rating for the company. Core funds from operations grew 6.6% year over year to $4.67 per share, which we see as healthy growth in an increasingly competitive self-storage industry. We were impressed by the company’s ability to maintain reasonably flat same-store occupancy, which declined 10 basis points year over...
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