Sovran Self Storage Inc (SSS) : Delta Capital Management reduced its stake in Sovran Self Storage Inc by 2.3% during the most recent quarter end. The investment management company now holds a total of 2,970 shares of Sovran Self Storage Inc which is valued at $295,396 after selling 70 shares in Sovran Self Storage Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Sovran Self Storage Inc makes up approximately 0.22% of Delta Capital Management’s portfolio.
Other Hedge Funds, Including , Moody Aldrich Partners boosted its stake in SSS in the latest quarter, The investment management firm added 9,360 additional shares and now holds a total of 14,955 shares of Sovran Self Storage Inc which is valued at $1,552,329. Sovran Self Storage Inc makes up approx 1.23% of Moody Aldrich Partners’s portfolio.Louisiana State Employees Retirement System boosted its stake in SSS in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 12,300 shares of Sovran Self Storage Inc which is valued at $1,276,740. Sovran Self Storage Inc makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.
Sovran Self Storage Inc closed down -6.86 points or -6.90% at $92.6 with 18,04,742 shares getting traded on Thursday. Post opening the session at $94.6, the shares hit an intraday low of $92.25 and an intraday high of $95.22 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Sovran Self Storage Inc reported $1.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.34. The company had revenue of $107.00 million for the quarter, compared to analysts expectations of $105.65 million. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.
Many Wall Street Analysts have commented on Sovran Self Storage Inc. Sovran Self Storage Inc was Downgraded by KeyBanc Capital Mkts to ” Underweight” on Aug 4, 2016. DA Davidson Initiated Sovran Self Storage Inc on Jun 24, 2016 to “Neutral”, Price Target of the shares are set at $110.Sovran Self Storage Inc was Initiated by FBR Capital to “Mkt Perform” on Jun 23, 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 Company’s properties conduct business under the name Uncle Bob’s Self-Storage. As of December 31 2014 the Company owns an indirect interest in 497 of the Properties through a limited partnership.