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30-Year Mortgage At Highest Level Since 2000: Two REIT Sectors That May Benefit

Last week the national average rate on the 30-year fixed mortgage rose to 7.48%, the highest level in the U.S. since November 2000. A rise in bond yields on Monday triggered an increase in the 30-year mortgage rate, the most popular form of loan term. The increase makes housing even more unaffordable than it already was, especially for starter homes. It also increases the likelihood that homeowners with far lower mortgage rates will stay in their homes rather than move to another location or typ
United States Raymond James Elon Musk Lennar Corp Invitation Homes Inc America Apartment Communities Inc
Source: yahoo.com

StockNews.com Downgrades Extra Space Storage (NYSE:EXR) to Sell

StockNews.com lowered shares of Extra Space Storage (NYSE:EXR – Free Report) from a hold rating to a sell rating in a research report sent to investors on Friday. EXR has been the topic of several other reports. Truist Financial decreased their target price on shares of Extra Space Storage from $165.00 to $155.00 in a […]
Salt Lake City United States Space Storage Inc Advisor Group Space Storage Company Profile Prudential Plc

Pittenger & Anderson Inc. Purchases New Position in Extra Space Storage Inc. (NYSE:EXR)

Pittenger & Anderson Inc. purchased a new stake in shares of Extra Space Storage Inc. (NYSE:EXR – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 25,383 shares of the real estate investment trust’s stock, valued at approximately $4,136,000. Several […]
United States Salt Lake City Pittenger Anderson Inc Principal Financial Group Inc Dimensional Fund Advisors Securities Exchange Commission
Source: wkrb13.com

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Extra Space Storage Inc. (EXR) to Distribute Quarterly Dividend of $0.61 on September 29th

Extra Space Storage Inc. (NYSE:EXR – Get Free Report) announced a quarterly dividend on Friday, August 18th, RTT News reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.61 per share by the real estate investment trust on Friday, September 29th. This represents a $2.44 dividend on an annualized basis […]
United States Salt Lake City Space Storage Inc First Horizon Advisors Inc Space Storage Company Profile Advisors Inc

Extra Space Storage (NYSE:EXR) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Extra Space Storage (NYSE:EXR – Get Free Report) in a research report issued on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock. Several other research firms have also recently commented on EXR. Evercore ISI upgraded Extra Space Storage from an […]
United States Salt Lake City Space Storage Inc Prudential Plc Blair William Co Advisor Group

Duff & Phelps Investment Management Co. Has $77.90 Million Holdings in Extra Space Storage Inc. (NYSE:EXR)

Duff & Phelps Investment Management Co. lessened its holdings in shares of Extra Space Storage Inc. (NYSE:EXR – Free Report) by 42.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 478,121 shares of the real estate investment trust’s stock after […]
United States Salt Lake City Family Office Massmutual Trust Co Duff Phelps Investment Management Co Belpointe Asset Management

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