Sovran Self Storage (NYSE: LSI) has recently received a number of price target changes and ratings updates:

  • 9/21/2016 – Sovran Self Storage was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust which acquires and manages self-storage properties. The company’s brand name consists of Life Storage(R) and Uncle Bob’s Self Storage(R). Life Storage, Inc., formerly known as Sovran Self Storage, Inc., is headquartered in Buffalo, New York. “
  • 9/13/2016 – Sovran Self Storage was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust which acquires and manages self-storage properties. The company’s brand name consists of Life Storage(R) and Uncle Bob’s Self Storage(R). Life Storage, Inc., formerly known as Sovran Self Storage, Inc., is headquartered in Buffalo, New York. “
  • 9/9/2016 – Sovran Self Storage was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $105.00 price target on the stock, up previously from $100.00.
  • 9/1/2016 – Sovran Self Storage was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust which acquires and manages self-storage properties. The company’s brand name consists of Life Storage(R) and Uncle Bob’s Self Storage(R). Life Storage, Inc., formerly known as Sovran Self Storage, Inc., is headquartered in Buffalo, New York. “
  • 8/23/2016 – Sovran Self Storage was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Sovran Self Storage, Inc. is a self-administered and self-managed real estate investment trust which acquires, owns and manages self-storage properties. “
  • 8/15/2016 – Sovran Self Storage had its price target lowered by analysts at Citigroup Inc. from $110.00 to $100.00. They now have a “neutral” rating on the stock.
  • 8/12/2016 – Sovran Self Storage was downgraded by analysts at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating. They now have a $124.00 price target on the stock.
  • 8/10/2016 – Sovran Self Storage was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating. They now have a $100.00 price target on the stock, down previously from $135.00.
  • 8/8/2016 – Sovran Self Storage had its price target lowered by analysts at DA Davidson from $110.00 to $100.00. They now have a “neutral” rating on the stock.
  • 8/4/2016 – Sovran Self Storage was downgraded by analysts at KeyCorp from a “sector weight” rating to an “underweight” rating. They now have a $84.00 price target on the stock.
  • 8/4/2016 – Sovran Self Storage had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $135.00 price target on the stock.

Sovran Self Storage Inc. (NYSE:LSI) opened at 91.33 on Thursday. The stock has a market capitalization of $3.83 billion, a P/E ratio of 26.17 and a beta of 0.82. Sovran Self Storage Inc. has a 52-week low of $86.45 and a 52-week high of $118.18. The company’s 50-day moving average price is $91.04 and its 200 day moving average price is $104.37.

Sovran Self Storage (NYSE:LSI) last posted its earnings results on Wednesday, August 3rd. The real estate investment trust reported $1.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.32. The company earned $107.10 million during the quarter, compared to analyst estimates of $104.90 million. Sovran Self Storage had a return on equity of 8.95% and a net margin of 33.62%. Sovran Self Storage’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. On average, equities research analysts predict that Sovran Self Storage Inc. will post $5.33 earnings per share for the current fiscal year.

In other Sovran Self Storage news, Director Arthur L. Havener, Jr. acquired 352 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was purchased at an average price of $87.07 per share, for a total transaction of $30,648.64. Following the acquisition, the director now owns 2,915 shares in the company, valued at approximately $253,809.05. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen R. Rusmisel acquired 500 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average price of $92.93 per share, with a total value of $46,465.00. Following the acquisition, the director now owns 4,012 shares in the company, valued at approximately $372,835.16. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

Life Storage, Inc, formerly Sovran Self Storage, Inc, is a self-administered and self-managed real estate investment trust. The Company owns and operates self-storage facilities throughout the United States. As of June 30, 2016, the Company had an ownership interest in, and/or managed approximately 563 self-storage properties in over 26 states under the name Life Storage.

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