Swedbank AB Sells 27,910 Shares of Extra Space Storage Inc $EXR

Swedbank AB decreased its holdings in Extra Space Storage Inc (NYSE:EXR) by 15.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 147,329 shares of the real estate investment trust’s stock after selling 27,910 shares during the quarter. Swedbank AB’s holdings in Extra Space Storage were worth $19,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Collaborative Fund Advisors LLC bought a new position in Extra Space Storage in the first quarter worth approximately $219,000. Abel Hall LLC grew its position in shares of Extra Space Storage by 10.8% during the 1st quarter. Abel Hall LLC now owns 2,434 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 238 shares during the period. QRG Capital Management Inc. grew its position in shares of Extra Space Storage by 13.1% during the 1st quarter. QRG Capital Management Inc. now owns 2,882 shares of the real estate investment trust’s stock valued at $378,000 after acquiring an additional 333 shares during the period. HB Wealth Management LLC increased its stake in shares of Extra Space Storage by 29.0% in the 1st quarter. HB Wealth Management LLC now owns 3,582 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 806 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Extra Space Storage by 1.9% in the 1st quarter. New York State Teachers Retirement System now owns 183,429 shares of the real estate investment trust’s stock worth $24,053,000 after purchasing an additional 3,397 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the 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 directly owned 37,374 shares in the company, valued at approximately $5,606,100. This represents a 8.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by company insiders.

Extra Space Storage Trading Down 0.9%

Shares of Extra Space Storage stock opened at $142.70 on Friday. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve 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 business has a 50-day moving average price of $144.83 and a 200-day moving average price of $141.53. The firm has a market cap of $30.15 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 4.46 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm had revenue of $856.03 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Extra Space Storage’s quarterly revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts anticipate that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, June 15th. Extra Space Storage’s dividend payout ratio is 145.29%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $147.00 to $156.00 in a research report on Tuesday, June 16th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Wall Street Zen downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. UBS Group increased their price objective on shares of Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Truist Financial raised their price objective on shares of Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Five 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 stock has an average rating of “Hold” and an average target price of $153.07.

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.