AE Wealth Management LLC Increases Stake in Extra Space Storage
January 3, 2024
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AE Wealth Management LLC recently announced that it had increased its stake in Extra Space Storage ($NYSE:EXR) Inc. (EXR), a leading provider of self-storage services in the United States. Extra Space Storage Inc. is a publicly-traded real estate investment trust (REIT) that owns, operates, and manages self-storage facilities. Its properties are well-maintained and have features such as secured access, video surveillance, and tenant insurance options. In addition, Extra Space Storage Inc. also offers ancillary services such as moving and packing supplies, mailboxes, and more.
Share Price
On Tuesday, EXTRA SPACE STORAGE opened at $159.9 and closed at $164.4, a 2.5% increase from the previous closing price of 160.3. This rise in stock is the latest in a series of positive developments for EXTRA SPACE STORAGE, which has seen its stock gradually rise since the start of the year. Despite the pandemic and the global economic downturn, EXTRA SPACE STORAGE has shown resilience and continues to be a profitable company. Moving forward, it will be interesting to see if AE Wealth Management LLC’s increased stake in EXTRA SPACE STORAGE will bring further signs of stability to the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EXR. More…
| Total Revenues | Net Income | Net Margin |
| 2.27k | 790.11 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EXR. More…
| Operations | Investing | Financing |
| 1.33k | -2.04k | 842.95 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EXR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.63k | 12.06k | 68.81 |
Key Ratios Snapshot
Some of the financial key ratios for EXR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 51.1% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted an analysis of EXTRA SPACE STORAGE’s financials, and the results are impressive. From the Star Chart, EXTRA SPACE STORAGE appears to be strong in four key areas: asset, dividend, growth, and profitability. This suggests that EXTRA SPACE STORAGE is a ‘cow’ type of company, one with a track record of paying out consistent and sustainable dividends. Given its strong financials, EXTRA SPACE STORAGE is likely to be attractive to investors who are looking for a low-risk, long term investment. Additionally, given its high health score of 8/10 – which indicates that the company is capable to safely ride out any crisis without the risk of bankruptcy – EXTRA SPACE STORAGE is an ideal fit for those who prefer a secure, reliable return on their investments. More…
Peers
Extra Space Storage Inc is one of the leading self-storage providers in the United States. The company has a large network of facilities across the country and offers a wide range of storage solutions to its customers. Extra Space Storage Inc competes with other self-storage providers such as Global Self Storage Inc, National Storage Affiliates Trust, and Life Storage Inc.
– Global Self Storage Inc ($NASDAQ:SELF)
Global Self Storage is a publicly traded real estate investment trust that owns, operates, and develops self storage properties. Headquartered in New York, the company has over 500 storage facilities across the United States, Canada, and the United Kingdom. Global Self Storage is one of the largest self storage companies in the world with over 30 million square feet of storage space.
– National Storage Affiliates Trust ($NYSE:NSA)
National Storage Affiliates Trust is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located throughout the United States. The company has a market cap of $3.68 billion as of March 2022. National Storage Affiliates Trust is headquartered in Denver, Colorado.
– Life Storage Inc ($NYSE:LSI)
As of 2022, Life Storage Inc has a market cap of 8.69B. The company is a self storage company that operates in the United States. The company has over 850 locations in 38 states.
Summary
Extra Space Storage Inc. has recently seen an increase in its stakes from AE Wealth Management LLC. This indicates that the company has seen a surge in investor confidence, and could be a great opportunity for investors. Extra Space Storage Inc. is well positioned for the future, with a strong balance sheet, good cash flow generation, and healthy liquidity levels. As such, it could be a smart investment choice for those looking for steady income and long-term capital growth.
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