Kenneth Myszka, chief operating officer of Sovran Self Storage Inc. sold 3,000 shares of company stock on Aug. 25 at an average price of $39.75 per share. When he last sold shares at the end of May1,000 at an average price of $41.84he still owned at least at least 211,907 shares, according to GuruFocus.com.
Robert Attea, Sovrans chairman of the board and CEO, also sold 10,000 shares of stock on May 31, at an average price of $41.88. Director Charles Lannon sold 2,000 shares on May 10 at the average price of $42.11.
Sovran has a market cap of $1.14 billion. Its shares were traded at around $39.75 with a price-earnings ratio of 16.2 and price-sales ratio of 5.9. The dividend yield of Sovran stocks is 4.4 percent.
Sovran is a publicly traded self-storage real estate investment trust that acquires and manages self-storage facilities. The company operates 371 facilities in 24 states under the name Uncle Bobs Self Storage.