Andra AP fonden Boosts Stock Position in Extra Space Storage Inc $EXR

Andra AP fonden increased its holdings in Extra Space Storage Inc (NYSE:EXR) by 40.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,874 shares of the real estate investment trust’s stock after purchasing an additional 12,874 shares during the period. Andra AP fonden’s holdings in Extra Space Storage were worth $5,884,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cohen & Steers Inc. grew its stake in shares of Extra Space Storage by 13.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after buying an additional 1,888,763 shares in the last quarter. State Street Corp increased its holdings in shares of Extra Space Storage by 1.7% in the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after buying an additional 230,697 shares during the last quarter. Norges Bank purchased a new stake in shares of Extra Space Storage during the 4th quarter valued at about $1,219,606,000. Capital International Investors raised its position in shares of Extra Space Storage by 73.9% during the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after buying an additional 2,658,947 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Extra Space Storage by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,945,315 shares of the real estate investment trust’s stock valued at $771,397,000 after acquiring an additional 56,118 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the sale, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group lifted their price target on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Raymond James Financial initiated coverage on Extra Space Storage in a research note on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price objective for the company. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Truist Financial boosted their target price on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Finally, Barclays increased their price target on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $146.27.

Extra Space Storage Stock Down 0.3%

Shares of NYSE EXR opened at $145.18 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $30.67 billion, a P/E ratio of 32.55, a PEG ratio of 4.50 and a beta of 1.19. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19. The firm has a 50-day simple moving average of $145.43 and a two-hundred day simple moving average of $142.53.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same period in the prior year, the company posted $2.00 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts anticipate that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, June 15th. Extra Space Storage’s dividend payout ratio is 145.29%.

About Extra Space Storage

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.