SEB Asset Management AB Acquires Shares of 38,910 Extra Space Storage Inc $EXR

SEB Asset Management AB bought a new position in Extra Space Storage Inc (NYSE:EXR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,910 shares of the real estate investment trust’s stock, valued at approximately $5,102,000.

Several other hedge funds have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Extra Space Storage in the third quarter valued at approximately $28,000. Reflection Asset Management acquired a new position in Extra Space Storage during the 4th quarter worth $26,000. DV Equities LLC bought a new position in Extra Space Storage in the 4th quarter valued at $39,000. Logan Capital Management Inc. boosted its position in Extra Space Storage by 313.7% in the 3rd quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 229 shares during the last quarter. Finally, Zions Bancorporation National Association UT increased its stake 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 valued at $40,000 after buying an additional 193 shares during the period. 99.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EXR shares. Truist Financial boosted their target price on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Wells Fargo & Company raised their price target on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Barclays lifted their price objective on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Raymond James Financial initiated coverage on shares of Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price on the stock. Finally, Mizuho raised their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $146.27.

Extra Space Storage Stock Performance

EXR stock opened at $145.18 on Thursday. The business’s fifty day moving average is $145.43 and its 200-day moving average is $142.53. 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 company has a market cap of $30.67 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 4.50 and a beta of 1.19. 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 announced its quarterly earnings data 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 company had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. During the same period last year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter 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 forecast that Extra Space Storage Inc will post 8.26 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.62 per share. The ex-dividend date was Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Insider Activity

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction dated 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. The trade was a 8.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.