Pacer Advisors Inc. Buys 96,136 Shares of Extra Space Storage Inc. (NYSE:EXR)

Pacer Advisors Inc. boosted its holdings in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 134.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 167,735 shares of the real estate investment trust's stock after purchasing an additional 96,136 shares during the period. Pacer Advisors Inc. owned approximately 0.08% of Extra Space Storage worth $25,093,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC boosted its position in shares of Extra Space Storage by 34.4% during the 3rd quarter. Tidal Investments LLC now owns 12,640 shares of the real estate investment trust's stock worth $2,278,000 after purchasing an additional 3,234 shares in the last quarter. Swedbank AB grew its holdings in Extra Space Storage by 4.5% during the 3rd quarter. Swedbank AB now owns 243,130 shares of the real estate investment trust's stock valued at $43,810,000 after buying an additional 10,408 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Extra Space Storage by 724.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,981,799 shares of the real estate investment trust's stock worth $357,100,000 after purchasing an additional 1,741,320 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Extra Space Storage by 9.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 35,503 shares of the real estate investment trust's stock valued at $6,397,000 after buying an additional 3,093 shares during the last quarter. Finally, Brown Financial Advisors lifted its stake in shares of Extra Space Storage by 69.1% during the 3rd quarter. Brown Financial Advisors now owns 9,134 shares of the real estate investment trust's stock worth $1,646,000 after purchasing an additional 3,731 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXR has been the subject of a number of recent analyst reports. Truist Financial boosted their target price on shares of Extra Space Storage from $167.00 to $168.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Scotiabank raised shares of Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 price objective for the company in a research report on Friday, January 10th. Barclays cut their target price on Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. StockNews.com raised Extra Space Storage from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Evercore ISI dropped their target price on shares of Extra Space Storage from $170.00 to $168.00 and set an "in-line" rating on the stock in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $174.00.

Extra Space Storage Price Performance

NYSE EXR traded down $0.73 on Friday, reaching $153.98. 983,187 shares of the stock traded hands, compared to its average volume of 1,295,411. Extra Space Storage Inc. has a 12 month low of $131.02 and a 12 month high of $184.87. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77. The firm's fifty day simple moving average is $155.09 and its 200 day simple moving average is $164.66. The company has a market cap of $32.64 billion, a price-to-earnings ratio of 40.31, a P/E/G ratio of 7.62 and a beta of 0.91.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($1.12). Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. The business had revenue of $824.80 million during the quarter, compared to analyst estimates of $826.93 million. During the same quarter last year, the firm posted $2.02 EPS. The company's quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts predict that Extra Space Storage Inc. will post 8.1 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $1.62 per share. The ex-dividend date was Monday, December 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.21%. Extra Space Storage's dividend payout ratio is currently 169.63%.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total value of $1,110,075.00. Following the transaction, the chief executive officer now owns 16,690 shares in the company, valued at approximately $2,470,286.90. This represents a 31.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane Olmstead sold 3,081 shares of Extra Space Storage stock in a transaction on Friday, November 15th. The shares were sold at an average price of $164.56, for a total value of $507,009.36. Following the sale, the director now directly owns 5,877 shares of the company's stock, valued at approximately $967,119.12. The trade was a 34.39 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Extra Space Storage Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.