Pacer Advisors Inc. Acquires 3,542 Shares of Extra Space Storage Inc $EXR

Pacer Advisors Inc. boosted its holdings in Extra Space Storage Inc (NYSE:EXR) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,993 shares of the real estate investment trust’s stock after purchasing an additional 3,542 shares during the period. Pacer Advisors Inc. owned about 0.07% of Extra Space Storage worth $18,490,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EXR. Centersquare Investment Management LLC boosted its stake in Extra Space Storage by 8.4% in the third quarter. Centersquare Investment Management LLC now owns 2,920,697 shares of the real estate investment trust’s stock valued at $411,643,000 after acquiring an additional 227,289 shares during the last quarter. Pensionfund Sabic purchased a new stake in shares of Extra Space Storage during the 4th quarter worth approximately $1,153,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Extra Space Storage by 2.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock worth $50,922,000 after purchasing an additional 9,492 shares during the period. Bayhunt Capital LLC purchased a new position in Extra Space Storage in the fourth quarter valued at approximately $14,650,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Extra Space Storage by 6.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 589,426 shares of the real estate investment trust’s stock valued at $83,074,000 after purchasing an additional 34,481 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Scotiabank raised their target price on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. upped their price target on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Mizuho lifted their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Finally, Truist Financial boosted their price objective on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $153.07.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage 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 owned 37,374 shares of the company’s stock, valued at $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 link. 0.96% of the stock is currently owned by corporate insiders.

Extra Space Storage Stock Up 0.0%

Extra Space Storage stock opened at $145.36 on Friday. The firm has a 50 day simple moving average of $143.38 and a 200 day simple moving average of $139.92. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The firm has a market capitalization of $30.71 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 4.50 and a beta of 1.20.

Extra Space Storage (NYSE:EXR) last posted its 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 company had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, analysts predict that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Dividend Announcement

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

Extra Space Storage Company Profile

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.