Sovran Self Storage (NYSE:SSS) : 14 analysts are covering Sovran Self Storage (NYSE:SSS) and their average rating on the stock is 1.93, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Sovran Self Storage (NYSE:SSS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sovran Self Storage (NYSE:SSS) : Currently there are 12 street experts covering Sovran Self Storage (NYSE:SSS) stock. The most bullish and bearish price target for the stock is $130 and $106 respectively for the short term. The average price target of all the analysts comes to $119.79. The estimated standard deviation from the target is $7.57.
For the current week, the company shares have a recommendation consensus of Buy.
Sovran Self Storage (NYSE:SSS): stock turned positive on Tuesday. Though the stock opened at $104.53, the bulls momentum made the stock top out at $105.835 level for the day. The stock recorded a low of $104.06 and closed the trading day at $105.8, in the green by 1.83%. The total traded volume for the day was 662,110. The stock had closed at $103.9 in the previous days trading.
In an insider trading activity, The director officer (President), of Sovran Self Storage Inc, Myszka Kenneth F had unloaded 1,384 shares at $100.04 per share in a transaction on December 11, 2015. The total value of transaction was $138,455. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Sovran Self Storage, Inc. (Sovran) is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages self-storage properties. As of December 31, 2014, it held ownership interests in, leased, and/or managed 518 properties consisting of approximately 35.5 million net rentable square feet, situated in 25 states. Among its 518 self-storage properties are 39 properties that it manages for an unconsolidated joint venture of , which the Company is a 20% owner, 30 properties that it manages for an unconsolidated joint venture of , which the Company is a 15% owner, 17 properties that it manages and in , which the Company has no ownership interest, and four properties that it leases. The Companys properties conduct business under the name Uncle Bobs Self-Storage. As of December 31, 2014, the Company owns an indirect interest in 497 of the Properties through a limited partnership.