Handelsbanken Fonder AB Has $19.25 Million Stake in Extra Space Storage Inc. (NYSE:EXR)

Handelsbanken Fonder AB decreased its holdings in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,612 shares of the real estate investment trust's stock after selling 4,573 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.06% of Extra Space Storage worth $19,246,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at $25,000. Harbour Investments Inc. lifted its stake in Extra Space Storage by 90.9% in the fourth quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Quent Capital LLC lifted its stake in Extra Space Storage by 89.0% in the fourth quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 154 shares during the last quarter. Asset Planning Inc acquired a new stake in Extra Space Storage in the fourth quarter valued at $52,000. Finally, Quarry LP lifted its stake in Extra Space Storage by 156.1% in the fourth quarter. Quarry LP now owns 356 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company's stock.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $147.45, for a total transaction of $1,105,875.00. Following the sale, the chief executive officer now directly owns 9,190 shares of the company's stock, valued at $1,355,065.50. The trade was a 44.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.36% of the company's stock.

Extra Space Storage Price Performance

Shares of Extra Space Storage stock traded down $1.04 during midday trading on Friday, hitting $149.47. 945,917 shares of the company traded hands, compared to its average volume of 1,056,978. The stock has a market cap of $31.72 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 7.76 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. The firm's fifty day moving average price is $145.26 and its 200-day moving average price is $149.73. Extra Space Storage Inc. has a 12 month low of $121.03 and a 12 month high of $184.87.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.04. The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $705.12 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The firm's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 EPS. As a group, sell-side analysts forecast that Extra Space Storage Inc. will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Monday, June 16th. Extra Space Storage's payout ratio is 150.35%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXR shares. Wall Street Zen upgraded shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Benchmark cut their target price on shares of Extra Space Storage from $61.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Extra Space Storage from $160.00 to $162.00 and gave the stock a "neutral" rating in a research note on Friday. Scotiabank raised their target price on shares of Extra Space Storage from $149.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Monday, May 12th. Finally, Evercore ISI raised their target price on shares of Extra Space Storage from $144.00 to $149.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $159.54.

Extra Space Storage Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.