Extra Space Storage Inc.’s Stock Price Plunges to $164.80, Witnessing a Sharp 3.78% Decline

Extra Space Storage Inc. (EXR)

164.80 USD -6.48 (-3.78%) Volume: 0.68M

Extra Space Storage Inc.’s stock price stands at 164.80 USD, witnessing a decrease of -3.78% in this trading session with a trading volume of 0.68M, yet maintaining a year-to-date growth of +2.79%, showcasing its resilience in the stock market.

Latest developments on Extra Space Storage Inc.

Today, Extra Space Storage Inc. stock experienced a turbulent day in the market. Despite outperforming its competitors, the company faced losses as Wells Fargo downgraded its rating to Equal Weight due to ongoing move-in rate pressures. However, investors still see potential in the stock, with opportunities to earn passive income by investing in Extra Space Storage. Looking ahead, the company is set to release its Q3 2024 earnings report, which will be eagerly anticipated by shareholders. In the meantime, Extra Space Storage will be holding a public auction to sell off some of its assets. Overall, the stock price movements reflect a mix of challenges and opportunities for Extra Space Storage in the current market climate.

A look at Extra Space Storage Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Extra Space Storage Inc. has received positive Smart Scores in several key areas, indicating a promising long-term outlook for the company. With strong scores in Dividend and Momentum, investors can expect steady returns and growth potential. Additionally, the company’s Resilience score suggests it can weather market fluctuations effectively. While the Value and Growth scores are not as high, the overall outlook for Extra Space Storage remains optimistic.

As a fully integrated real estate investment trust, Extra Space Storage operates self-storage properties with a focus on professional management. Its solid Dividend and Momentum scores point towards a stable financial performance and potential for expansion. Although there is room for improvement in Value and Growth scores, the company’s Resilience score indicates a capacity to withstand challenges in the market. Overall, Extra Space Storage‘s Smart Scores paint a promising picture for its future prospects.

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