Markets
EXR

Financial Stock Narrowly Mixed; Extra Space Storage Rising After $200 Mln Property Purchase

Top Financial Stocks

JPM -0.47%

BAC +0.97%

WFC +0.30%

C +0.58%

USB +0.41%

Financial stocks are little changed, with the NYSE Financial Sector Index slipping about 0.1% and the S&P Financial 100 Index rising about 0.1%.

In company news, Extra Space Storage ( EXR ) has received an extra pop, with shares climbing after the company said late-morning it bought 17 self-storage facilities in Virginia from an unidentified seller for $200 million.

The company has another five properties under contract with a combined purchase price of $58.0 million. It acquired a total of 78 properties for around $586.0 million during the 12 months ended Dec. 31, 2013, EXR said.

EXR shares were up about 0.3% at $42.11 each in recent trade, rising to an intra-day high of $42.31 soon after the opening bell. The stock has a 52-week range of $36.50 to 49.29 a share, sliding around 15% since topping out in late October.

In other sector news,

(+) GPN, (+4.4%) Earns $1.07 per share in Q2, up from $0.93 last year and beating analyst expectations by $0.04 per share. Revenue rose 8% to $634.1 mln, topping estimates by $9.12 mln. Boosts FY14 EPS, revenue guidance but still trails consensus.

(-) AFG, (-0.3%) Announces deal to to acquire workers' compensation administrator Summit Holdings Southeast Inc. from Liberty Mutual Insurance for $250 mln in cash. The deal is expected to immediately add to the insurer's 2014 earnings, it said.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

EXR

Other Topics

Commodities