Yesterday it was reported that a Director at Extra Space Storage (EXR), Spencer Kirk, exercised options to buy 130,000 EXR shares at $6.22 a share, for a total transaction value of $808.6K. The options were close to expired and Spencer Kirk retained stocks.
Following Spencer Kirk’s last EXR Buy transaction on June 12, 2014, the stock climbed by 53.1%. Following this transaction Spencer Kirk’s holding in the company was increased by 5.16% to a total of $260 million.
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Based on Extra Space Storage’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $310 million and quarterly net profit of $130 million. In comparison, last year the company earned revenue of $280 million and had a net profit of $216 million. EXR’s market cap is $12.4B and the company has a P/E ratio of 23.51. Currently, Extra Space Storage has an average volume of 710.4K.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $92.33, reflecting a -5.8% downside.
The insider sentiment on Extra Space Storage has been positive according to 43 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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Extra Space Storage, Inc. is a real estate investment trust. It operates through the following segments: Storage Operations, Tenant Reinsurance. The Storage Operations segment includes rents The Tenant Reinsurance segment consists of reinsurance of risks relating to the loss of good stored by tenants in the firm’s stores.
