Extra Space Storage Inc. (EXR): P Scott Stubbs , Executive VP and CFO of Extra Space Storage Inc. sold 6,250 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $93.31 per share for a total value of $583,195.62 , 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, Gwyn Goodson Mcneal (EVP/Chief Legal Officer) sold 500 shares at $93.50 per share price.On May 11, 2016, Samrat Sondhi (Executive VP and COO) sold 6,673 shares at $93.39 per share price.Also, On May 5, 2016, Grace Kunde (SVP Accounting and Finance) sold 1,700 shares at $89.47 per share price.On May 3, 2016, Spencer Kirk (Chief Executive Officer) sold 20,000 shares at $86.06 per share price.
Shares of Extra Space Storage (EXR) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.43 points or -0.46% at $92.97 with 4,68,269 shares getting traded. Post opening the session at $93.45, the shares hit an intraday low of $92.7 and an intraday high of $93.88 and the price vacillated in this range throughout the day. The company has a market cap of $11,641 M and the number of outstanding shares has been calculated to be 12,52,07,702 shares. The 52-week high of Extra Space Storage is $94.22 and the 52-week low is $64.7801.
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.