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Extra Space Storage (EXR) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

05/11/2021 18:33

10:20 PM EDT, 05/11/2021 (MT Newswires) -- Extra Space Storage, today, saw two insiders -- Spencer Kirk, Director, and Matthew T Herrington, Officer -- sell 85,860 shares having a market value of approximately $12,535,668, as disclosed in form 4 documents filed with the SEC. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 3,750 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 89,610 shares and have averaged 29,870 shares per transaction over this time period.

Today's Insider Activity

The level of buy/sell trading at Extra Space Storage is is greater than the 6 peer company average over the last 90-day period. The Self-Storage REITs peer group saw 2 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Extra Space Storage insiders was also higher. Within the peer group there were 0 shares purchased and 9,750 shares sold with company insiders having sold 4,875 shares on average.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to create and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.