Jefferies Has Hold On Extra Space Storage (EXR)

Jefferies & Co. has a Hold rating on shares of Extra Space Storage, Inc. EXR. In a note to investors, Jefferies writes, "Self-Storage Data Services, Inc. (SSDS) issued its monthly rental activity report outlining the demand characteristics of the self-storage markets in the U.S. On a same store (SS) basis, the data suggests the East remains the strongest market, with the best improvement in total rental activity in February. This is more of a positive for EXR ($20.04, Hold), than PSA ($107.95, Hold), given EXR's larger exposure to the East region." Shares of EXR gained 15 cents on Friday to close at $20.03, a gain of 0.75%.