Insider Sale at Extra Space Storage (EXR) Continues Selling Trend

Wednesday, August 02, 2017 10:15 PM ET

Insider Sale at Extra Space Storage (EXR) Continues Selling Trend

There was a significant sale of shares of Extra Space Storage by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Spencer Kirk, Director — sold 20,000 shares in the company having a market value of approximately $1,581,746. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 43,900 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 63,900 shares and have averaged 21,300 shares per transaction over this time period.

The number of insider buy/sell trades at Extra Space Storage is greater than that of the 6 peer company average over the last 90-day period. The Self-Storage REITs peer group saw 11 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Extra Space Storage insiders is lower than its peers. Within the peer group there were 230,567 shares purchased and 43,900 shares sold with company insiders purchasing 26,667 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating 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 in data obtained in composing and writing this story.

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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