Shares of Sovran Self Storage (NYSE:SSS) Sees Large Inflow of Net Money Flow

Sovran Self Storage (NYSE:SSS) dropped slightly amid mild profit booking and the last known price was $101.85 per share. The price decreased by -0.06 points or -0.06% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $0.88 million. The total upticks were valued at $1.33 million and the total downticks aggregated to $0.45 million, thereby putting the up/down ratio at 2.95,. The shares have seen a change in the share price of -6.48% on a weekly basis.


Currently the company Insiders own 2.3% of Sovran Self Storage shares according to the proxy statements. Institutional Investors own 79.91% of Sovran Self Storage shares. On the companys insider trading activities,The director officer (President) of Sovran Self Storage Inc, Myszka Kenneth F sold 1,384 shares at $100.04 on December 11, 2015. The Insider selling transaction had a total value worth of $138,455. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Sovran Self Storage (NYSE:SSS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.35 points or 0.34% at $101.56 with 581,622 shares getting traded. Post opening the session at $102.26, the shares hit an intraday low of $101.19 and an intraday high of $103 and the price was in this range throughout the day. The company has a market cap of $4,006 million and the number of outstanding shares have been calculated to be 39,444,553 shares. The 52-week high of Sovran Self Storage (NYSE:SSS) is $118.18 and the 52-week low is $85.69.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup maintains its rating on Sovran Self Storage (NYSE:SSS).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $110 per share to $120 per share. The rating by the firm was issued on May 13, 2016.

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.

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