The EVP & COO of Extra Space Storage is Exercising Options

Today it was reported that the EVP & COO of Extra Space Storage (EXRResearch Report), Samrat Sondhi, exercised options to sell 4,480 EXR shares at $11.59 a share, for a total transaction value of $479.3K.

Following Samrat Sondhi’s last EXR Sell transaction on May 11, 2016, the stock climbed by 24.8%. In addition to Samrat Sondhi, 2 other EXR executives reported Sell trades in the last month.

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Based on Extra Space Storage’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $316 million and quarterly net profit of $94.6 million. In comparison, last year the company earned revenue of $286 million and had a net profit of $88.08 million. EXR’s market cap is $13.58B and the company has a P/E ratio of 32.19. Currently, Extra Space Storage has an average volume of 688.8K.

The insider sentiment on Extra Space Storage has been negative according to 43 insider trades in the past three months. This sentiment is lower 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: Self-Storage Operations and Tenant Reinsurance. The Self-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.

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