Sovran Self Storage Inc. (SSS) Declares Quarterly Dividend of $0.68
Sovran Self Storage (NYSE:SSS) declared a quarterly dividend on Monday, April 7th, Analyst Ratings Network.com reports. Shareholders of record on Thursday, April 17th will be given a dividend of 0.68 per share on Monday, April 28th. This represents a $2.72 dividend on an annualized basis and a yield of 3.64%.
A number of analysts have recently weighed in on SSS shares. Analysts at Macquarie downgraded shares of Sovran Self Storage from an “outperform” rating to a “neutral” rating in a research note on Monday, March 17th. They now have a $77.00 price target on the stock. On the ratings front, analysts at Raymond James upgraded shares of Sovran Self Storage from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. They now have a $80.00 price target on the stock. Finally, analysts at Cantor Fitzgerald upgraded shares of Sovran Self Storage from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $75.87.
Sovran Self Storage (NYSE:SSS) traded up 0.46% during mid-day trading on Monday, hitting $74.40. The stock had a trading volume of 193,603 shares. Sovran Self Storage has a 52-week low of $62.11 and a 52-week high of $80.24. The stock’s 50-day moving average is $73.61 and its 200-day moving average is $70.80. The company has a market cap of $2.399 billion and a price-to-earnings ratio of 31.39.
Sovran Self Storage (NYSE:SSS) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $66.40 million for the quarter, compared to the consensus estimate of $71.89 million. Analysts expect that Sovran Self Storage will post $4.20 EPS for the current fiscal year.
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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