Sovran Self Storage Inc. (LSI) President Sells $270,330.00 in Stock
Sovran Self Storage Inc. (NYSE:LSI) President Kenneth F. Myszka sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $90.11, for a total transaction of $270,330.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kenneth F. Myszka also recently made the following trade(s):
- On Wednesday, August 10th, Kenneth F. Myszka sold 5,000 shares of Sovran Self Storage stock. The shares were sold at an average price of $92.26, for a total transaction of $461,300.00.
Shares of Sovran Self Storage Inc. (NYSE:LSI) opened at 90.38 on Wednesday. The company has a market capitalization of $3.79 billion, a PE ratio of 25.90 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 stock has a 50 day moving average price of $91.31 and a 200-day moving average price of $104.47.
Sovran Self Storage (NYSE:LSI) last issued its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $1.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.32. Sovran Self Storage had a return on equity of 8.95% and a net margin of 33.62%. The company had revenue of $107.10 million for the quarter, compared to analysts’ expectations of $104.90 million. During the same quarter last year, the business earned $1.24 earnings per share. Sovran Self Storage’s revenue was up 18.0% on a year-over-year basis. Equities research analysts expect that Sovran Self Storage Inc. will post $5.33 EPS for the current year.
A hedge fund recently bought a new stake in Sovran Self Storage stock. Public Employees Retirement System of Ohio purchased a new position in Sovran Self Storage Inc. (NYSE:LSI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 68,150 shares of the real estate investment trust’s stock, valued at approximately $7,150,000. Public Employees Retirement System of Ohio owned approximately 0.16% of Sovran Self Storage as of its most recent filing with the SEC. Hedge funds and other institutional investors own 89.46% of the company’s stock.
Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Sovran Self Storage from a “hold” rating to a “sell” rating in a research report on Wednesday. KeyCorp downgraded shares of Sovran Self Storage from a “sector weight” rating to an “underweight” rating and set a $84.00 price target on the stock. in a research report on Thursday, August 4th. DA Davidson assumed coverage on shares of Sovran Self Storage in a research report on Friday, June 24th. They set a “neutral” rating and a $110.00 price target on the stock. Citigroup Inc. upgraded shares of Sovran Self Storage from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $105.00 in a research report on Friday, September 9th. Finally, FBR & Co assumed coverage on shares of Sovran Self Storage in a research report on Wednesday, June 22nd. They set a “market perform” rating and a $106.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Sovran Self Storage has an average rating of “Hold” and a consensus target price of $110.68.
Sovran Self Storage Company Profile
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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