Sovran Self Storage EVP Unloads $94,525 in Stock (SSS)
Sovran Self Storage (NYSE:SSS) EVP Paul T. Powell sold 1,202 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $78.64, for a total value of $94,525.28. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $2,620,678. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sovran Self Storage (NYSE:SSS) traded up 0.70% on Monday, hitting $78.72. The stock had a trading volume of 177,248 shares. Sovran Self Storage has a one year low of $62.66 and a one year 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 P/E 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 for the quarter, missing the analysts’ 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 last year, the company posted $0.94 earnings per share. Sovran Self Storage’s revenue was up 19.9% compared to the same quarter last year. Analysts expect that Sovran Self Storage will post $4.17 EPS 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 research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Sovran Self Storage has an average rating of “Buy” and an average price target of $81.67.
Sovran Self Storage, Inc (NYSE:SSS) together with its subsidiaries and its joint ventures, is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns and manages self-storage properties.
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