Extra Space Storage Initiated at Berenberg Bank With Buy Rating
<p>Analysts at Berenberg Bank started coverage on <a href='https://financialmodelingprep.com/financial-summary/EXR'>Extra Space Storage Inc. (NYSE:EXR) </a>with a buy rating and $198 price target, mentioning that the company is the second-largest domestic owner and operator of self-storage facilities and has multiple growth channels to continue expanding its investment footprint.</p>
<p>According to the brokerage, the company has a flexible investment strategy with wholly-owned self-storage properties, joint ventures, third-party managed properties, and equity investments, noting that the company was the first self-storage operator to start a third-party management platform, and now utilizes its management platform with its JV investments.</p>
<p>The analysts anticipate management platform and the competitive advantage afforded by its technology will continue to generate attractive returns for the company.</p>

NYSE:EXR