Extra Space Storage Inc $EXR Shares Acquired by Pacer Advisors Inc.

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

Other hedge funds have also modified their holdings of the company. Cibc World Market Inc. raised its position in shares of Extra Space Storage by 19.4% in the third quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock valued at $26,900,000 after buying an additional 30,983 shares during the last quarter. Principal Financial Group Inc. increased its position in Extra Space Storage by 6.4% during the third quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock worth $946,540,000 after purchasing an additional 406,146 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Extra Space Storage by 38.2% during the third quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust’s stock worth $83,052,000 after purchasing an additional 162,773 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in Extra Space Storage by 6.6% during the third quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock worth $17,982,000 after purchasing an additional 7,831 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in Extra Space Storage by 28.4% during the third quarter. Metis Global Partners LLC now owns 54,950 shares of the real estate investment trust’s stock worth $7,745,000 after purchasing an additional 12,145 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Trading Down 1.6%

Shares of EXR stock opened at $142.47 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $30.10 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 4.71 and a beta of 1.22. The company has a 50-day moving average of $139.51 and a two-hundred day moving average of $138.04. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business 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 8.23 EPS for the current year.

Extra Space Storage Announces Dividend

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

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.96% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank raised their price objective on shares of 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. 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 research report on Monday, February 23rd. BNP Paribas Exane upgraded shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective for the company in a research report on Wednesday, March 18th. Wells Fargo & Company cut their price objective on shares of Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, 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 research report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $150.29.

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.