Pacer Advisors Inc. Sells 10,752 Shares of Extra Space Storage Inc $EXR

Pacer Advisors Inc. trimmed its position in shares of Extra Space Storage Inc (NYSE:EXR) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,241 shares of the real estate investment trust’s stock after selling 10,752 shares during the period. Pacer Advisors Inc.’s holdings in Extra Space Storage were worth $17,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its stake in 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 valued at $50,922,000 after purchasing an additional 9,492 shares during the last quarter. Bayhunt Capital LLC bought a new position in Extra Space Storage during the fourth quarter worth about $14,650,000. Norges Bank acquired a new position in Extra Space Storage during the fourth quarter worth approximately $1,219,606,000. Manning & Napier Advisors LLC increased its position in Extra Space Storage by 3,007.7% during the fourth quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock worth $5,220,000 after buying an additional 38,799 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in Extra Space Storage by 15,978.4% in the fourth quarter. Harbour Investments Inc. now owns 8,200 shares of the real estate investment trust’s stock valued at $1,068,000 after buying an additional 8,149 shares during the period. 99.11% of the stock is owned by institutional investors.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was 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 $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.96% of the stock is owned by company insiders.

Extra Space Storage Stock Up 0.1%

Extra Space Storage stock opened at $149.84 on Wednesday. The company’s 50-day moving average price is $146.77 and its two-hundred day moving average price is $143.30. The company has a quick ratio of 0.37, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock has a market cap of $31.66 billion, a P/E ratio of 33.08, a P/E/G ratio of 4.61 and a beta of 1.18. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The company had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. During the same quarter in the previous year, the company posted $2.05 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, analysts expect that Extra Space Storage Inc will post 8.31 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 143.05%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of Extra Space Storage in a research report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Friday, July 17th. UBS Group increased their price target on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Raymond James Financial began coverage on Extra Space Storage in a report on Thursday, July 16th. They set an “outperform” rating and a $44.00 price target for the company. Finally, Truist Financial lifted their price objective on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average target price of $147.73.

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.