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Sovran Self Storage (NYSE:SSS) CFO Andrew J. Gregoire sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $79.00, for a total transaction of $79,000.00. Following the transaction, the chief financial officer now directly owns 34,603 shares of the company’s stock, valued at approximately $2,733,637. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at SunTrust reiterated a “buy” rating on shares of Sovran Self Storage in a research note on Thursday, August 28th. They now have a $89.00 price target on the stock, up previously from $85.00. 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, one has issued a buy rating and one has assigned a strong buy rating to the company. Sovran Self Storage has a consensus rating of “Buy” and a consensus target price of $83.50.

Shares of Sovran Self Storage (NYSE:SSS) traded down 0.30% during mid-day trading on Thursday, hitting $78.62. 243,712 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 $77.64 and its 200-day moving average is $75.94. The company has a market cap of $2.579 billion and a P/E ratio of 32.19.

Sovran Self Storage (NYSE:SSS) last posted its quarterly 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.

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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