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

by · The Cerbat Gem

Pacer Advisors Inc. grew its position in shares of Extra Space Storage Inc (NYSE:EXRFree Report) by 2.6% in the fourth quarter, Holdings Channel reports. The firm 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.’s holdings in Extra Space Storage were worth $18,490,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXR. Avalon Trust Co purchased a new stake in shares of Extra Space Storage in the third quarter worth $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Extra Space Storage during the third quarter worth about $28,000. Rosenberg Matthew Hamilton increased its stake in Extra Space Storage by 442.9% in the 4th 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. DV Equities LLC purchased a new stake in shares of Extra Space Storage in the 4th quarter valued at about $39,000. Finally, Zions Bancorporation National Association UT raised its holdings 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 acquiring an additional 193 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

EXR has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Truist Financial increased their price target on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Extra Space Storage has an average rating of “Hold” and an average price target of $153.07.

Check Out Our Latest Stock Report on EXR

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Price Performance

Shares of Extra Space Storage stock opened at $145.36 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $30.71 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 4.50 and a beta of 1.20. The business’s 50-day moving average price is $143.38 and its 200-day moving average price is $139.92. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19.

Extra Space Storage (NYSE:EXRGet Free Report) last announced 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 firm had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts forecast that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

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

About Extra Space Storage

(Free Report)

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.

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