E. Ohman J or Asset Management AB Sells 4,549 Shares of Extra Space Storage Inc $EXR

E. Ohman J or Asset Management AB trimmed its holdings in Extra Space Storage Inc (NYSE:EXR) by 47.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,017 shares of the real estate investment trust’s stock after selling 4,549 shares during the period. E. Ohman J or Asset Management AB’s holdings in Extra Space Storage were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EXR. Norges Bank acquired a new stake in shares of Extra Space Storage during the second quarter worth about $1,058,303,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Extra Space Storage by 900.0% in the 3rd 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 valued at $308,348,000 after purchasing an additional 1,969,013 shares during the period. Resolution Capital Ltd increased its stake in Extra Space Storage by 116.2% during 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. Russell Investments Group Ltd. increased its stake in Extra Space Storage by 85.7% during the 3rd 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. Finally, Marshall Wace LLP raised its holdings in Extra Space Storage by 60.1% during 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 buying an additional 554,666 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Trading Up 0.1%

NYSE:EXR opened at $129.96 on Thursday. The company has a market cap of $27.44 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 2.61 and a beta of 1.24. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $155.19. The business has a 50 day moving average price of $142.83 and a two-hundred day moving average price of $139.28. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92.

Extra Space Storage (NYSE:EXR) last posted 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 company had revenue of $857.47 million for the quarter, compared to the consensus estimate of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts expect that Extra Space Storage Inc will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 annualized dividend and a dividend yield of 5.0%. Extra Space Storage’s dividend payout ratio (DPR) is currently 140.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. UBS Group dropped their price objective on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective on the stock. in a research report on Thursday, February 5th. Mizuho upped their target price on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 target price for the company in a report on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.80.

Insider Buying and Selling at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the transaction, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

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.