Andra AP fonden Sells 27,200 Shares of Extra Space Storage Inc $EXR

Andra AP fonden lessened its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 63.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,000 shares of the real estate investment trust’s stock after selling 27,200 shares during the period. Andra AP fonden’s holdings in Extra Space Storage were worth $2,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Extra Space Storage by 0.5% during the third quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock worth $4,852,680,000 after buying an additional 161,171 shares during the last quarter. State Street Corp grew its stake in shares of Extra Space Storage by 1.6% in the second quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust’s stock worth $2,017,006,000 after acquiring an additional 210,466 shares during the last quarter. Norges Bank bought a new position in Extra Space Storage during the second quarter worth $1,058,303,000. Principal Financial Group Inc. raised its stake in Extra Space Storage by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock valued at $946,540,000 after purchasing an additional 406,146 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Extra Space Storage by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,795,253 shares of the real estate investment trust’s stock valued at $851,070,000 after purchasing an additional 100,637 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

NYSE:EXR opened at $150.93 on Friday. The firm 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 quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $160.58. The firm has a 50-day moving average price of $140.29 and a 200 day moving average price of $139.30.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company had revenue of $857.47 million for the quarter, compared to the consensus estimate of $732.92 million. During the same period in the previous year, the business earned $2.03 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. 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 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

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

Wall Street Analyst Weigh In

EXR has been the topic of several research analyst reports. Bank of America lowered shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research report on Thursday, February 5th. Mizuho lifted their target price on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Wall Street Zen cut Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Evercore reissued a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.