Extra Space Storage Inc. (EXR) Files Form 4 Insider Selling : Spencer Kirk Sells 20,000 Shares

Extra Space Storage Inc. (EXR): Spencer Kirk , Chief Executive Officer of Extra Space Storage Inc. sold 20,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $93.00 per share for a total value of $1,860,030.00 , 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 16, 2016, P Scott Stubbs (Executive VP and CFO) sold 6,250 shares at $93.31 per share price.On May 11, 2016, Gwyn Goodson Mcneal (EVP/Chief Legal Officer) sold 500 shares at $93.50 per share price.Also, 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.

Extra Space Storage: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Extra Space Storage which led to swings in the share price. The shares opened for trading at $92.49 and hit $93.42 on the upside , eventually ending the session at $93, with a gain of 0.03% or 0.03 points. The heightened volatility saw the trading volume jump to 7,73,579 shares. The 52-week high of the share price is $94.22 and the company has a market cap of $11,644 M . The 52-week low of the share price is at $64.7801.

Extra Space Storage Money Flow Index Chart

On May 25, 2016, Extra Space Storage announced a cash dividend of $0.7800. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.

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.

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