Sovran Self Storage Now Covered by Macquarie (SSS)
Investment analysts at Macquarie assumed coverage on shares of Sovran Self Storage (NYSE:SSS) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of Sovran Self Storage (NYSE:SSS) traded up 0.30% on Tuesday, hitting $69.49. The stock had a trading volume of 7,868 shares. Sovran Self Storage has a one year low of $55.66 and a one year high of $74.99. The stock’s 50-day moving average is $69.82 and its 200-day moving average is $66.70. The company has a market cap of $2.173 billion and a P/E ratio of 32.88.
Sovran Self Storage (NYSE:SSS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.04. The company had revenue of $67.62 million for the quarter, compared to the consensus estimate of $62.97 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. On average, analysts predict that Sovran Self Storage will post $3.68 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on SSS. Analysts at Zacks upgraded shares of Sovran Self Storage (NYSE:SSS) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 2nd. They now have a $75.20 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Sovran Self Storage (NYSE:SSS) in a research note to investors on Wednesday, August 28th. They set an “outperform” rating on the stock. Finally, analysts at UBS AG upgraded shares of Sovran Self Storage (NYSE:SSS) from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday, August 13th.
One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Sovran Self Storage currently has an average rating of “Buy” and an average price target of $71.24.
Sovran Self Storage, Inc (NYSE:SSS) together with its subsidiaries and its joint ventures, is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns and manages self-storage properties.
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