Extra Space Storage Inc. (EXR) Files Form 4 Insider Selling : Gwyn Goodson Mcneal Sells 500 Shares

Extra Space Storage Inc. (EXR): Gwyn Goodson Mcneal , EVP/Chief Legal Officer of Extra Space Storage Inc. sold 500 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $93.50 per share for a total value of $46,750.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Samrat Sondhi (Executive VP and COO) sold 6,673 shares at $93.39 per share price.On May 5, 2016, Grace Kunde (SVP Accounting and Finance) sold 1,700 shares at $89.47 per share price.Also, On May 3, 2016, Spencer Kirk (Chief Executive Officer) sold 20,000 shares at $86.06 per share price.On Nov 19, 2015, Kenneth M. Woolley (Executive Chairman) sold 200,000 shares at $80.63 per share price.

Extra Space Storage: On Tuesday, May 10, 2016 heightened volatility was witnessed in Extra Space Storage which led to swings in the share price. The shares opened for trading at $93.5 and hit $94.04 on the upside , eventually ending the session at $94.04, with a gain of 0.74% or 0.69 points. The heightened volatility saw the trading volume jump to 10,81,624 shares. The 52-week high of the share price is $94.22 and the company has a market cap of $11,775 M . The 52-week low of the share price is at $64.7801.

Extra Space Storage Money Flow Index Chart

Company has been under the radar of several Street Analysts.Extra Space Storage is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 94 from a previous price target of $88 .The Rating was issued on May 9, 2016.

Extra Space Storage Inc. is a fully integrated self-administered and self-managed real estate investment trust (REIT). The Company owns operates manages acquires develops and redevelops professionally managed self-storage properties (stores). The Company operates through three segments: rental operations; tenant reinsurance and property management acquisition and development. The Company’s rental operations activities include rental operations of self-storage stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company’s self-storage facilities. The Company’s property management acquisition and development activities include managing acquiring developing and selling self-storage stores. As of December 31 2014 it held ownership interests in 828 operating stores. Of these operating stores 557 are wholly owned and 271 are owned in joint venture partnerships.

Leave a Reply

Extra Space Storage - Is it time to Sell?

Top Brokerage Firms are advising their investors on Extra Space Storage. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.