Handelsbanken Fonder AB Sells 7,081 Shares of Extra Space Storage Inc $EXR

Handelsbanken Fonder AB lessened its holdings in Extra Space Storage Inc (NYSE:EXR) by 6.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 107,490 shares of the real estate investment trust’s stock after selling 7,081 shares during the period. Handelsbanken Fonder AB owned 0.05% of Extra Space Storage worth $15,150,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Norges Bank bought a new position in shares of Extra Space Storage in the second quarter worth about $1,058,303,000. Resolution Capital Ltd lifted its holdings in Extra Space Storage by 116.2% in the 2nd 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. Marshall Wace LLP boosted its stake in Extra Space Storage by 60.1% in the 2nd quarter. Marshall Wace LLP now owns 1,477,404 shares of the real estate investment trust’s stock worth $217,828,000 after purchasing an additional 554,666 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in Extra Space Storage by 27.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,413,454 shares of the real estate investment trust’s stock valued at $340,152,000 after buying an additional 526,163 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Extra Space Storage by 10.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,513,795 shares of the real estate investment trust’s stock valued at $665,514,000 after buying an additional 419,240 shares in the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXR has been the topic of several research analyst reports. Morgan Stanley lowered their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a report on Friday, December 5th. Wells Fargo & Company decreased their price target on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Bank of America downgraded shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective for the company. in a report on Thursday, February 5th. UBS Group reduced their target price on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Extra Space Storage has an average rating of “Hold” and an average price target of $145.13.

Extra Space Storage Trading Up 2.2%

EXR opened at $150.93 on Friday. The stock has a 50-day moving average of $140.29 and a 200 day moving average of $139.30. The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $160.58. The firm has a market cap of $31.87 billion, a P/E ratio of 32.81, a P/E/G ratio of 3.04 and a beta of 1.27.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. The business had revenue of $857.47 million for the quarter, compared to the consensus estimate of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, research analysts forecast that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage’s payout ratio is presently 140.87%.

Extra Space Storage 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.