Sovran Self Storage Inc (SSS) : Eii Capital Management scooped up 19,500 additional shares in Sovran Self Storage Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 106,300 shares of Sovran Self Storage Inc which is valued at $10,572,598.Sovran Self Storage Inc makes up approximately 3.02% of Eii Capital Management’s portfolio.
Other Hedge Funds, Including , Spot Trading L.l.c added SSS to its portfolio by purchasing 5,510 company shares during the most recent quarter which is valued at $548,025. Sovran Self Storage Inc makes up approx 0.07% of Spot Trading L.l.c’s portfolio.State Of Alaska Department Of Revenue reduced its stake in SSS by selling 310 shares or 3.47% in the most recent quarter. The Hedge Fund company now holds 8,620 shares of SSS which is valued at $913,892. Sovran Self Storage Inc makes up approx 0.09% of State Of Alaska Department Of Revenue’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in SSS by selling 2,745 shares or 30.21% in the most recent quarter. The Hedge Fund company now holds 6,341 shares of SSS which is valued at $665,742. Sovran Self Storage Inc makes up approx 0.03% of Ferguson Wellman Capital Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in SSS in the latest quarter, The investment management firm added 1,970 additional shares and now holds a total of 5,373 shares of Sovran Self Storage Inc which is valued at $575,502. Sovran Self Storage Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.
Sovran Self Storage Inc closed down -0.54 points or -0.58% at $92.37 with 5,62,459 shares getting traded on Monday. Post opening the session at $93, the shares hit an intraday low of $92.2 and an intraday high of $93.56 and the price fluctuated in this range throughout the day.Shares ended Monday 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. Shares were Reiterated by DA Davidson on Aug 8, 2016 to “Neutral” and Lowered the Price Target to $ 100 from a previous price target of $110 .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. (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.