Sovran Self Storage Inc. (NYSE:LSI)‘s stock had its “hold” rating reissued by DA Davidson in a research note issued to investors on Thursday.

Several other analysts have also weighed in on the company. Zacks Investment Research raised Sovran Self Storage from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. FBR & Co lowered their price objective on Sovran Self Storage from $105.00 to $95.00 and set a “market perform” rating for the company in a report on Thursday, November 3rd. Jefferies Group reissued a “buy” rating and issued a $135.00 price objective on shares of Sovran Self Storage in a report on Thursday, August 4th. Citigroup Inc. lowered their price objective on Sovran Self Storage from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, August 15th. Finally, Raymond James Financial Inc. lowered Sovran Self Storage from an “outperform” rating to a “market perform” rating and set a $124.00 price objective for the company. in a report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $104.50.

Analyst Recommendations for Sovran Self Storage (NYSE:LSI)

Sovran Self Storage (NYSE:LSI) opened at 81.25 on Thursday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 34.21 and a beta of 0.62. Sovran Self Storage has a 52 week low of $77.00 and a 52 week high of $118.18. The stock’s 50 day moving average price is $85.09 and its 200-day moving average price is $97.12.

Sovran Self Storage (NYSE:LSI) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $1.20. The firm earned $127.80 million during the quarter, compared to analyst estimates of $122.29 million. Sovran Self Storage had a return on equity of 5.62% and a net margin of 22.63%. Sovran Self Storage’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 earnings per share. Equities research analysts expect that Sovran Self Storage will post $5.23 earnings per share for the current year.

In other Sovran Self Storage news, Director Arthur L. Havener, Jr. acquired 370 shares of Sovran Self Storage stock in a transaction dated Friday, August 19th. The stock was acquired at an average cost of $88.97 per share, for a total transaction of $32,918.90. Following the completion of the transaction, the director now owns 1,963 shares in the company, valued at approximately $174,648.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arthur L. Havener, Jr. acquired 600 shares of Sovran Self Storage stock in a transaction dated Wednesday, August 24th. The shares were acquired at an average price of $88.55 per share, with a total value of $53,130.00. Following the completion of the transaction, the director now owns 2,563 shares of the company’s stock, valued at approximately $226,953.65. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Lasalle Investment Management Securities LLC purchased a new stake in shares of Sovran Self Storage during the third quarter valued at approximately $197,461,000. BlackRock Fund Advisors purchased a new stake in shares of Sovran Self Storage during the third quarter valued at approximately $182,920,000. BlackRock Institutional Trust Company N.A. purchased a new stake in shares of Sovran Self Storage during the third quarter valued at approximately $165,193,000. Bank of New York Mellon Corp purchased a new stake in shares of Sovran Self Storage during the third quarter valued at approximately $107,762,000. Finally, Morgan Stanley purchased a new stake in shares of Sovran Self Storage during the third quarter valued at approximately $91,627,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

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 across the United States. As of June 30, 2016, the Company had an ownership interest in and/or managed 563 self-storage properties in 26 states under the name Uncle Bob’s Self Storage.

5 Day Chart for NYSE:LSI

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