BI Asset Management Fondsmaeglerselskab A S Decreases Stake in Extra Space Storage Inc $EXR

BI Asset Management Fondsmaeglerselskab A S cut its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 73.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,358 shares of the real estate investment trust’s stock after selling 9,081 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Extra Space Storage were worth $440,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Reflection Asset Management acquired a new stake in shares of Extra Space Storage in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extra Space Storage during the 3rd quarter worth $28,000. Rosenberg Matthew Hamilton raised its stake in shares of Extra Space Storage by 442.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 217 shares during the last quarter. DV Equities LLC acquired a new position in shares of Extra Space Storage during the 4th quarter worth $39,000. Finally, Zions Bancorporation National Association UT boosted its position in shares of Extra Space Storage by 172.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

EXR has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. UBS Group upped their price target on shares of Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a report on Monday, May 18th. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $147.00 to $156.00 in a research report on Tuesday, June 16th. Finally, Mizuho increased their target price on Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $153.07.

Extra Space Storage Trading Up 0.8%

Shares of EXR stock opened at $147.03 on Friday. The company has a market capitalization of $31.06 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 4.52 and a beta of 1.20. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $143.94 and a 200 day moving average price of $140.41. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.87). The firm had revenue of $856.03 million for the quarter, compared to analyst estimates 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 for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.00 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 8.26 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the transaction, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.96% of the company’s stock.

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.