KeyBanc hikes Extra Space Storage PT on 'premium growth' potential; shares up

Extra Space Storage

09/09/2024 15:42

(Updates)
    ** Self-storage real estate investment trust Extra Space
Storage shares  EXR.N  rise 1% to $175
    ** KeyBanc raises PT for EXR to $178 from $172; maintains
"overweight" rating 
    ** Brokerage sees potential for EXR to generate "premium
growth" in comparison to its peers, helped by Life Storage
merger 
    ** KeyBanc says EXR's revenue management platform,
third-party management business and external growth strategies
to provide additional support
    ** New price target represents 2.54% upside to stock's
previous close
    ** Six of 18 brokerages rate EXR stock "buy" or higher, nine
"hold" and three "sell" or lower; their median PT is $175
    ** As of Friday's close, EXR up 8.26% this year

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))