Extra Space Storage Chief Executive Officer Sold $1.11M In Company Stock

Making a noteworthy insider sell on January 7, Joseph Margolis, Chief Executive Officer at Extra Space Storage EXR, is reported in the latest SEC filing.

What Happened: Margolis's recent move involves selling 7,500 shares of Extra Space Storage. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value is $1,110,075.

Extra Space Storage's shares are actively trading at $150.12, experiencing a up of 1.05% during Tuesday's morning session.

All You Need to Know About Extra Space Storage

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

Financial Insights: Extra Space Storage

Positive Revenue Trend: Examining Extra Space Storage's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 10.26% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.

Exploring Profitability:

• Gross Margin: Achieving a high gross margin of 72.53%, the company performs well in terms of cost management and profitability within its sector.

• Earnings per Share (EPS): Extra Space Storage's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 0.91.

Debt Management: Extra Space Storage's debt-to-equity ratio is below the industry average at 0.87, reflecting a lower dependency on debt financing and a more conservative financial approach.

Valuation Overview:

• Price to Earnings (P/E) Ratio: The current P/E ratio of 39.62 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.

• Price to Sales (P/S) Ratio: The current P/S ratio of 10.02 is above industry norms, reflecting an elevated valuation for Extra Space Storage's stock and potential overvaluation based on sales performance.

• EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Extra Space Storage's EV/EBITDA ratio of 19.39 exceeds industry averages, indicating a premium valuation in the market

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.

Unmasking the Significance of Insider Transactions

In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.

From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.

A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.

While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.

Cracking Transaction Codes

Taking a closer look at transactions, investors often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.

Check Out The Full List Of Extra Space Storage's Insider Trades.

Insider Buying Alert: Profit from C-Suite Moves

Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.

This article was generated by Benzinga's automated content engine and reviewed by an editor.