Fjarde AP Fonden Fourth Swedish National Pension Fund Buys New Shares in Extra Space Storage Inc $EXR

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Extra Space Storage Inc (NYSE:EXR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 42,256 shares of the real estate investment trust’s stock, valued at approximately $5,503,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXR. Norges Bank bought a new position in shares of Extra Space Storage during the 4th quarter valued at $1,219,606,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Extra Space Storage by 900.0% during 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 last quarter. Resolution Capital Ltd grew its holdings in shares of 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 valued at $287,632,000 after purchasing an additional 1,048,685 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Extra Space Storage by 61.8% during the 4th quarter. First Eagle Investment Management LLC now owns 2,552,053 shares of the real estate investment trust’s stock valued at $332,328,000 after purchasing an additional 974,804 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Extra Space Storage by 191.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,362,422 shares of the real estate investment trust’s stock valued at $177,425,000 after purchasing an additional 895,013 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

EXR has been the topic of several recent research reports. Mizuho increased their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target on the stock in a report on Wednesday, March 18th. UBS Group raised their price target on shares of Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada raised their price target on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $152.29.

Extra Space Storage Price Performance

Shares of Extra Space Storage stock opened at $144.93 on Tuesday. The firm has a market cap of $30.62 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 4.72 and a beta of 1.20. 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 company’s fifty day simple moving average is $140.72 and its two-hundred day simple moving average is $138.97.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The firm had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.Extra Space Storage’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities analysts expect that Extra Space Storage Inc will post 8.24 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the sale, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is currently owned by company insiders.

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.