Handelsbanken Fonder AB Raises Stock Holdings in Extra Space Storage Inc $EXR

Handelsbanken Fonder AB raised its stake in Extra Space Storage Inc (NYSE:EXR) by 23.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,768 shares of the real estate investment trust’s stock after buying an additional 21,987 shares during the period. Handelsbanken Fonder AB owned about 0.06% of Extra Space Storage worth $16,966,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EXR. NewEdge Advisors LLC lifted its stake in Extra Space Storage by 9.3% in the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after purchasing an additional 291 shares during the last quarter. Empowered Funds LLC lifted its stake in Extra Space Storage by 15.5% in the first quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after acquiring an additional 661 shares during the period. Sivia Capital Partners LLC purchased a new position in Extra Space Storage during the 2nd quarter valued at $457,000. First Trust Advisors LP increased its position in Extra Space Storage by 184.1% during the 2nd quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock valued at $15,954,000 after purchasing an additional 70,115 shares during the period. Finally, Brown Advisory Inc. raised its holdings in Extra Space Storage by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

EXR has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday. The Goldman Sachs Group reiterated a “neutral” rating and set a $160.00 target price on shares of Extra Space Storage in a report on Thursday, July 30th. Truist Financial increased their target price on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Finally, Barclays raised their target price on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $147.73.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the transaction, the executive vice president directly owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Trading Up 0.1%

NYSE EXR opened at $146.72 on Thursday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The stock has a market cap of $31.00 billion, a P/E ratio of 32.39, a P/E/G ratio of 4.22 and a beta of 1.18. The stock’s fifty day moving average price is $147.32 and its 200-day moving average price is $143.37. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. The firm had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.Extra Space Storage’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, equities analysts forecast that Extra Space Storage Inc will post 8.31 EPS for the current fiscal year.

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.