Sovran Self Storage Rating Reiterated by SunTrust (SSS)
Sovran Self Storage (NYSE:SSS)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust in a research note issued to investors on Thursday. They currently have a $89.00 price target on the stock, up from their previous price target of $85.00. SunTrust’s price target indicates a potential upside of 14.56% from the stock’s previous close.
In other Sovran Self Storage news, EVP Paul T. Powell sold 1,202 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $78.64, for a total value of $94,525.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Sovran Self Storage in a research note on Friday, August 1st. They now have a $86.00 price target on the stock, up previously from $85.00. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Sovran Self Storage currently has a consensus rating of “Buy” and a consensus price target of $83.50.
Shares of Sovran Self Storage (NYSE:SSS) traded down 0.12% during mid-day trading on Thursday, hitting $77.60. The stock had a trading volume of 23,997 shares. Sovran Self Storage has a one year low of $62.66 and a one year high of $80.24. The stock has a 50-day moving average of $77.47 and a 200-day moving average of $75.68. The company has a market cap of $2.545 billion and a P/E ratio of 31.71.
Sovran Self Storage (NYSE:SSS) last released its earnings data on Wednesday, July 30th. The company reported $1.00 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.04 by $0.04. The company had revenue of $80.44 million for the quarter, compared to the consensus estimate of $79.65 million. During the same quarter last year, the company posted $0.94 earnings per share. Sovran Self Storage’s revenue was up 19.9% compared to the same quarter last year. On average, analysts predict that Sovran Self Storage will post $4.17 earnings per share 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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