Forsta AP Fonden Trims Stock Holdings in Extra Space Storage Inc. (NYSE:EXR)

Forsta AP Fonden trimmed its holdings in Extra Space Storage Inc. (NYSE:EXRGet Rating) by 29.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,500 shares of the real estate investment trust’s stock after selling 13,300 shares during the quarter. Forsta AP Fonden’s holdings in Extra Space Storage were worth $5,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Extra Space Storage by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 22,322,540 shares of the real estate investment trust’s stock worth $4,589,514,000 after purchasing an additional 388,156 shares during the period. State Street Corp increased its holdings in Extra Space Storage by 7.2% during the 1st quarter. State Street Corp now owns 9,119,086 shares of the real estate investment trust’s stock worth $1,874,884,000 after purchasing an additional 612,842 shares during the period. Cohen & Steers Inc. increased its holdings in Extra Space Storage by 3.9% during the 1st quarter. Cohen & Steers Inc. now owns 6,023,042 shares of the real estate investment trust’s stock worth $1,238,485,000 after purchasing an additional 227,391 shares during the period. Principal Financial Group Inc. increased its holdings in Extra Space Storage by 8.0% during the 2nd quarter. Principal Financial Group Inc. now owns 5,145,316 shares of the real estate investment trust’s stock worth $875,324,000 after purchasing an additional 381,282 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Extra Space Storage by 6.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,136,272 shares of the real estate investment trust’s stock worth $644,818,000 after purchasing an additional 179,873 shares during the period. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Stock Up 1.8 %

Extra Space Storage stock opened at $158.14 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $21.18 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.28 and a beta of 0.52. Extra Space Storage Inc. has a 1-year low of $149.78 and a 1-year high of $228.84. The business has a fifty day moving average price of $169.31 and a 200-day moving average price of $178.39.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EXR shares. KeyCorp raised their price objective on Extra Space Storage from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. Truist Financial raised their price objective on Extra Space Storage from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Morgan Stanley cut their price target on Extra Space Storage from $156.00 to $153.00 and set an “underweight” rating on the stock in a report on Thursday, October 13th. Citigroup lifted their price target on Extra Space Storage to $229.00 in a report on Monday, August 22nd. Finally, UBS Group cut their price target on Extra Space Storage from $234.00 to $197.00 and set a “buy” rating on the stock in a report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and a consensus target price of $202.11.

Extra Space Storage Company Profile

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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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space.

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Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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