Real estate stocks dip as economic data hamper rate cut hopes, positive news lack [Seeking Alpha]
Extra Space Storage Inc (EXR)
Last extra space storage inc earnings: 2/18 04:05 pm
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US:NYSE Investor Relations:
ir.extraspace.com/investor-relations
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Source: Seeking Alpha
The S&P 500 Index declined this week, logging its second straight weekly loss, as markets reacted to the inflation as well as sales data by dialing back their interest rate cut expectations. The Federal Reserve is expected to hold rates steady at the second monetary policy decision of the year next Wednesday. "Mortgage rates ticked back up in February—a disappointing development for prospective homebuyers, who just a few months ago got a glimmer of hope as rates finally started to fall," online real estate brokerage Redfin's chief economist, Daryl Fairweather, said "With rates still elevated, many are opting to continue renting, which is buoying rental demand, and as a result, rent prices," Fairweather added. Asking rents in the U.S. saw their biggest annual increase in more than a year in February, Redfin ( RDFN ) said in a report. Real estate brokerages/platforms particularly fell on Friday on the National Association of Realtors' settlement news . NAR agreed to pay $418M t
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EXR
News
- What's in Store for Extra Space Storage (EXR) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Traders Flee Real Estate Stocks as Hot Inflation Darkens Outlook [Yahoo! Finance]Yahoo! Finance
- Traders Flee Real Estate Stocks as Hot Inflation Darkens Outlook [BNN Bloomberg (Canada)]BNN Bloomberg
- Extra Space Storage Inc. (NYSE: EXR) had its price target raised by analysts at Wells Fargo & Company from $150.00 to $160.00. They now have an "overweight" rating on the stock.MarketBeat
- Buy Alert: 2 REITs For April 2024 [Seeking Alpha]Seeking Alpha
EXR
Earnings
- 2/27/24 - Miss
EXR
Sec Filings
- 4/15/24 - Form 8-K
- 4/15/24 - Form S-3ASR
- 4/5/24 - Form DEFA14A
- EXR's page on the SEC website