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Sovran Self Storage (NYSE:SSS) EVP Paul T. Powell sold 1,202 shares of the company’s stock 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 transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $2,620,678. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sovran Self Storage (NYSE:SSS) traded down 0.24% during mid-day trading on Wednesday, hitting $78.56. The stock had a trading volume of 56,174 shares. 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 $77.41 and its 200-day moving average is $75.26. The company has a market cap of $2.577 billion and a price-to-earnings ratio of 32.14.

Sovran Self Storage (NYSE:SSS) last announced its earnings results 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. 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 analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company 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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