Pacer Advisors Inc. Boosts Holdings in Extra Space Storage Inc $EXR

Pacer Advisors Inc. grew its holdings in Extra Space Storage Inc (NYSE:EXR) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,993 shares of the real estate investment trust’s stock after purchasing an additional 3,542 shares during the quarter. Pacer Advisors Inc.’s holdings in Extra Space Storage were worth $18,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avalon Trust Co purchased a new position in shares of Extra Space Storage in the third quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Extra Space Storage in the third quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in Extra Space Storage by 60.2% in the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 80 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in Extra Space Storage by 442.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Finally, Logan Capital Management Inc. lifted its stake in Extra Space Storage by 313.7% in the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Down 1.6%

EXR stock opened at $142.47 on Thursday. 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 twelve month low of $125.71 and a twelve month high of $155.19. The company’s 50 day moving average is $139.51 and its two-hundred day moving average is $138.04. The stock has a market cap of $30.10 billion, a P/E ratio of 31.94, a PEG ratio of 4.71 and a beta of 1.22.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The company had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts expect that Extra Space Storage Inc will post 8.23 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $1.62 per share. The ex-dividend date was Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Barclays raised their price objective on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Finally, Truist Financial cut their price objective on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $150.29.

Insider Activity

In other news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the transaction, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Extra Space Storage 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.