Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 18,000 Shares of Extra Space Storage Inc $EXR

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Extra Space Storage Inc (NYSE:EXR) by 42.6% during the first quarter, HoldingsChannel.com reports. The fund owned 60,256 shares of the real estate investment trust’s stock after purchasing an additional 18,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Extra Space Storage were worth $7,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pensionfund Sabic bought a new position in shares of Extra Space Storage during the fourth quarter worth $1,153,000. Nomura Asset Management Co. Ltd. increased its position in shares of Extra Space Storage by 2.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock valued at $50,922,000 after buying an additional 9,492 shares in the last quarter. Bayhunt Capital LLC bought a new stake in shares of Extra Space Storage in the 4th quarter valued at $14,650,000. Norges Bank acquired a new stake in Extra Space Storage during the 4th quarter worth $1,219,606,000. Finally, Manning & Napier Advisors LLC raised its stake in Extra Space Storage by 3,007.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock worth $5,220,000 after buying an additional 38,799 shares during the period. Institutional investors own 99.11% of the company’s stock.

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction dated 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 directly owned 37,374 shares in the company, valued at $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on EXR shares. 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. BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target for the company in a report on Wednesday, March 18th. Bank of America raised Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $147.00 to $156.00 in a research report on Tuesday, June 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Finally, Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and a consensus price target of $153.07.

Extra Space Storage Stock Down 0.0%

Shares of EXR stock opened at $149.29 on Monday. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $155.19. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average of $144.52 and a 200-day moving average of $141.13. The company has a market capitalization of $31.54 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 4.63 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last posted 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 company had revenue of $856.03 million during 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 period in the prior year, the firm posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities research analysts predict that Extra Space Storage Inc will post 8.26 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $1.62 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.3%. Extra Space Storage’s dividend payout ratio (DPR) is currently 145.29%.

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.