Handelsbanken Fonder AB Has $12.72 Million Stock Position in Extra Space Storage Inc $EXR

Handelsbanken Fonder AB reduced its stake in Extra Space Storage Inc (NYSE:EXR) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,691 shares of the real estate investment trust’s stock after selling 9,799 shares during the quarter. Handelsbanken Fonder AB’s holdings in Extra Space Storage were worth $12,721,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Extra Space Storage by 900.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock worth $308,348,000 after acquiring an additional 1,969,013 shares during the period. Resolution Capital Ltd increased its holdings in Extra Space Storage by 116.2% in the second quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock worth $287,632,000 after purchasing an additional 1,048,685 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Extra Space Storage by 61.8% in the fourth quarter. First Eagle Investment Management LLC now owns 2,552,053 shares of the real estate investment trust’s stock worth $332,328,000 after purchasing an additional 974,804 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Extra Space Storage by 191.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,362,422 shares of the real estate investment trust’s stock worth $177,425,000 after purchasing an additional 895,013 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Extra Space Storage by 85.7% in the third quarter. Russell Investments Group Ltd. now owns 1,441,444 shares of the real estate investment trust’s stock worth $203,160,000 after purchasing an additional 665,204 shares in the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. Scotiabank lifted their target price on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Barclays lifted their target price on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Truist Financial lowered their target price on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Finally, Wells Fargo & Company lowered their target price on Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Extra Space Storage currently has an average rating of “Hold” and a consensus price target of $151.00.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the completion of the sale, the chief executive officer owned 66,495 shares in the company, valued at $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Extra Space Storage Trading Up 1.2%

NYSE EXR opened at $143.93 on Friday. The company has a market cap of $30.41 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 4.63 and a beta of 1.22. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $155.19. The business has a 50 day moving average price of $138.67 and a 200-day moving average price of $137.96. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.87). The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities analysts expect that Extra Space Storage Inc will post 8.23 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. Extra Space Storage’s payout ratio is currently 145.29%.

Extra Space Storage Company Profile

Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.