Sovran Self Storage (NYSE:SSS) Price Target & New Coverage by Robert W. Baird
In a report released today, Robert W. Baird analysts began Sovran Self Storage (NYSE:SSS) coverage with “Outperform” rating, and a $102 target price.
After the coverage NYSE:SSS is at the moment trading -0.44% lower at $92.54 as of 11:40 New York time. Sovran Self Storage’s stock is up 25.85% over the last 200 days. It has outperformed the S&P500 Index, which has gained 7.43% over the same time.
Out of 9 analysts covering Sovran Self Storage, 7 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $106 and the lowest is $90 according to Thomson/First Call. The 12-month mean target is $100.22, which means upside potential of 8.30% over the current price.
NYSE:SSS Price Chart & Trend
The stock price of Sovran Self Storage has risen 25.85% over the last 200 days, and is in powerful up trend. In the last 50 and 100 days, Sovran Self Storage is up 5.21% and up 1.01%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Institutional Ownership
V3 Capital Management L.P. had the largest stake with ownership of 478,128 shares as of Q1 2015 for 8.25% of the US equity exposure. Keypoint Capital Management Llc is another notably bullish fund who is owning 26,397 shares of Sovran Self Storage or 3.75% of their US equity exposure. In addition, Harrison Street Securities Llc have 2.86% of their US equity exposure invested in the company for 82,878 shares. The Virginia-based fund Capital Management Corp Va revealed it had acquired a stake worth about 2.62% of the fund’s stock portfolio in Sovran Self Storage. The Texas-based fund Chilton Capital Management Llc is also positive about the stock, possessing 82,634 shares or 1.61% of their US equity exposure.
Insider Activity
Over the last 6 months, Sovran Self Storage NYSE:SSS has seen 5 buying transactions, and 7 insider sales. The net result was for 12 transactions, worth $2.82M.
Sovran Self Storage (NYSE:SSS) Profile
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.
Sovran Self Storage (NYSE:SSS) traded down -0.44% on 23 July, hitting $92.54. A total of 37,776 shares of the company’s stock traded hands. This is down from average of 206,877 shares. Sovran Self Storage has a 52 week low of $73.59 and a 52 week high of $97.76. The company has a market cap of $3.29B and a P/E ratio of 33.23.
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