Sovran Self Storage EVP Sells $94,525 in Stock

Posted by MiniCo on Aug 19, 2014 12:00:00 AM

Sovran Self Storage EVP Sells $94,525 in Stock

Sovran Self Storage (NYSE:SSS) EVP Paul T. Powell unloaded 1,202 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $78.64, for a total transaction of $94,525.28. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $2,620,678.

Sovran Self Storage (NYSE:SSS) traded up 0.70% during mid-day trading on Monday, hitting $78.72. 177,248 shares of the company’s stock traded hands. Sovran Self Storage has a 52 week low of $62.66 and a 52 week high of $80.24. The stock’s 50-day moving average is $77.37 and its 200-day moving average is $75.18. The company has a market cap of $2.582 billion and a price-to-earnings ratio of 31.91. Sovran Self Storage (NYSE:SSS) last released its earnings data on Wednesday, July 30th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by $0.04. The company had revenue of $80.44 million for the quarter, compared to the consensus estimate of $79.65 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts predict that Sovran Self Storage will post $4.17 earnings per share for the current fiscal year.

Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Sovran Self Storage in a research note on Friday, August 1st. They now have a $86.00 price target on the stock, up previously from $85.00. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $81.67.

About Sovran Self Storage, Inc.

Sovran Self Storage, Inc. is an equity REIT that is in the business of acquiring and managing self storage facilities. The Company operates over 500 self storage facilities in 25 states under the name Uncle Bob’s Self Storage®. For more information, visit, like us on Facebook, or follow us on Twitter.

(via Ticker Report)