Handelsbanken Fonder AB Grows Stake in Extra Space Storage Inc $EXR

Handelsbanken Fonder AB boosted its position in Extra Space Storage Inc (NYSE:EXR) by 23.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,768 shares of the real estate investment trust’s stock after purchasing an additional 21,987 shares during the period. Handelsbanken Fonder AB’s holdings in Extra Space Storage were worth $16,966,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage during the 3rd quarter worth $28,000. Reflection Asset Management purchased a new position in Extra Space Storage during the fourth quarter valued at $26,000. Cassaday & Co Wealth Management LLC bought a new stake in Extra Space Storage during the first quarter valued at about $30,000. CoreCap Advisors LLC increased its position in Extra Space Storage by 975.0% in the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 234 shares in the last quarter. Finally, DV Equities LLC bought a new position in shares of Extra Space Storage in the fourth quarter worth about $39,000. 99.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EXR. The Goldman Sachs Group reissued a “neutral” rating and issued a $160.00 target price on shares of Extra Space Storage in a report on Thursday, July 30th. Mizuho raised their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Barclays upped their target price on shares of Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Weiss Ratings raised Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Finally, UBS Group upped their price objective on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $147.73.

Extra Space Storage Stock Performance

EXR opened at $146.72 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $31.00 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 4.22 and a beta of 1.18. The company has a fifty day moving average of $147.32 and a 200 day moving average of $143.37. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $158.88.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping the consensus estimate of $1.16 by $0.09. The business had revenue of $874.15 million for the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, sell-side analysts forecast that Extra Space Storage Inc will post 8.31 earnings per share for the current fiscal year.

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.