Sovran Self Storage Inc (SSS) : Solaris Asset Management scooped up 150 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 Jul 26, 2016. The investment management firm now holds a total of 3,125 shares of Sovran Self Storage Inc which is valued at $324,375.Sovran Self Storage Inc makes up approximately 0.23% of Solaris Asset Management’s portfolio.
Other Hedge Funds, Including , Rs Investment Management Co reduced its stake in SSS by selling 31,062 shares or 9.61% in the most recent quarter. The Hedge Fund company now holds 292,195 shares of SSS which is valued at $30,329,841. Sovran Self Storage Inc makes up approx 0.30% of Rs Investment Management Co’s portfolio.Pitcairn Co boosted its stake in SSS in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 2,361 shares of Sovran Self Storage Inc which is valued at $245,072. Sovran Self Storage Inc makes up approx 0.03% of Pitcairn Co’s portfolio. Burt Wealth Advisors sold out all of its stake in SSS during the most recent quarter. The investment firm sold 250 shares of SSS which is valued $26,808.Foundry Partners boosted its stake in SSS in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 2,475 shares of Sovran Self Storage Inc which is valued at $265,097. Sovran Self Storage Inc makes up approx 0.02% of Foundry Partners’s portfolio.
Sovran Self Storage Inc opened for trading at $101.32 and hit $103.5 on the upside on Friday, eventually ending the session at $102.37, with a gain of 1.10% or 1.11 points. The heightened volatility saw the trading volume jump to 8,02,185 shares. Company has a market cap of $4,038 M.
On the company’s financial health, Sovran Self Storage Inc reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.20. The company had revenue of $99.10 million for the quarter, compared to analysts expectations of $97.45 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.
Many Wall Street Analysts have commented on Sovran Self Storage Inc. 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.