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

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

Several other large investors have also modified their holdings of the business. Versant Capital Management Inc grew its stake in shares of Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 80 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 80 shares during the period. Prestige Wealth Management Group LLC grew its position in Extra Space Storage by 2.9% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $441,000 after acquiring an additional 88 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Extra Space Storage by 10.2% in the third quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 91 shares during the period. Finally, CX Institutional increased its stake in Extra Space Storage by 8.7% in the third quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Up 2.2%

Shares of NYSE EXR opened at $150.93 on Friday. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $160.58. The stock’s fifty day simple moving average is $140.29 and its two-hundred day simple moving average is $139.30. The stock has a market capitalization of $31.87 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 3.04 and a beta of 1.27. 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 (NYSE:EXR) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $2.03 by $0.05. The firm had revenue of $857.47 million during the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 EPS. 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 Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Mizuho boosted their price objective on shares of Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Royal Bank Of Canada upped their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Bank of America downgraded shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target for the company. in a research note on Thursday, February 5th. Finally, Barclays reiterated an “overweight” rating and issued a $164.00 price target on shares of Extra Space Storage in a report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $145.13.

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.