E. Ohman J or Asset Management AB Sells 4,549 Shares of Extra Space Storage Inc $EXR

E. Ohman J or Asset Management AB lowered its stake in Extra Space Storage Inc (NYSE:EXR) by 47.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,017 shares of the real estate investment trust’s stock after selling 4,549 shares during the period. E. Ohman J or Asset Management AB’s holdings in Extra Space Storage were worth $653,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Avalon Trust Co acquired a new stake in shares of Extra Space Storage in the 3rd quarter valued at $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extra Space Storage during the third quarter worth $28,000. Versant Capital Management Inc lifted 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 acquiring an additional 80 shares during the period. Davis Capital Management bought a new position in Extra Space Storage in the third quarter valued at about $35,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Extra Space Storage in the second quarter valued at about $37,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.1%

NYSE EXR opened at $129.96 on Thursday. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $155.19. The stock has a 50-day simple moving average of $142.83 and a 200 day simple moving average of $139.28. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $27.44 billion, a PE ratio of 28.25, a P/E/G ratio of 2.61 and a beta of 1.24.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. The firm had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts forecast that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a yield of 5.0%. Extra Space Storage’s payout ratio is currently 140.87%.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 66,495 shares of the company’s stock, valued at approximately $9,447,609.60. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on EXR shares. Wells Fargo & Company dropped their price objective on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Bank of America lowered shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price on the stock. in a research note on Thursday, February 5th. Scotiabank lifted their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Barclays boosted their price target on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, UBS Group cut their price objective on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $143.80.

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.