Sovran Self Storage Inc. (NYSE:LSI) Director Stephen R. Rusmisel bought 500 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was acquired at an average price of $81.51 per share, for a total transaction of $40,755.00. Following the transaction, the director now owns 4,712 shares of the company’s stock, valued at $384,075.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sovran Self Storage Inc. (NYSE:LSI) opened at 81.65 on Wednesday. The firm has a 50-day moving average price of $85.09 and a 200 day moving average price of $97.12. Sovran Self Storage Inc. has a 52 week low of $77.00 and a 52 week high of $118.18. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 34.38 and a beta of 0.62.

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 Zacks’ consensus estimate of $0.14 by $1.20. The company had revenue of $127.80 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period last year, the firm posted $1.32 EPS. On average, equities research analysts forecast that Sovran Self Storage Inc. will post $5.23 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Sovran Self Storage (NYSE:LSI)

Several analysts have recently weighed in on LSI shares. Zacks Investment Research upgraded Sovran Self Storage from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. FBR & Co reduced their price target on Sovran Self Storage from $105.00 to $95.00 and set a “market perform” rating on the stock in a report on Thursday, November 3rd. Jefferies Group restated a “buy” rating and set a $135.00 price target on shares of Sovran Self Storage in a report on Thursday, August 4th. Citigroup Inc. reduced their price target on Sovran Self Storage from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, August 15th. Finally, DA Davidson reduced their price target on Sovran Self Storage from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $104.50.

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new position in shares of Sovran Self Storage during the third quarter worth $115,000. Daiwa Securities Group Inc. purchased a new position in shares of Sovran Self Storage during the third quarter worth $151,000. Tower Research Capital LLC TRC purchased a new position in shares of Sovran Self Storage during the third quarter worth $162,000. Riverhead Capital Management LLC purchased a new position in shares of Sovran Self Storage during the third quarter worth $187,000. Finally, MSI Financial Services Inc purchased a new position in shares of Sovran Self Storage during the third quarter worth $200,000. 90.78% of the stock is currently owned by institutional investors.

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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