An article published in Barron’s notes that Extra Space Storage CEO Kenneth Woolley has been buying up shares of the company’s stock over the past three weeks—$5.6 million worth. Between Aug. 7 and 11, he spent $4.1 million on 250,900 shares. He bought another 89,700 shares for $1.5 million on the 17th and 18th. He now lays claim to a total of 1.8 million shares, approximately 3.4 percent of the company’s outstanding ownership interest.
Established in 1977, Extra Space is the second largest self-storage operator in the United States. Along with Prudential Real Estate Investors, the company recently acquired Storage USA. It now owns or operates 638 self-storage properties in 32 states and Washington, D.C. For details, visit www.extraspace.com.