Sovran Self Storage Inc (SSS) : Independent Order Of Foresters scooped up 24,970 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 Aug 10, 2016. The investment management firm now holds a total of 32,456 shares of Sovran Self Storage Inc which is valued at $2,992,768.Sovran Self Storage Inc makes up approximately 2.18% of Independent Order Of Foresters’s portfolio.
Other Hedge Funds, Including , Clifford Swan Investment Counsel reduced its stake in SSS by selling 50 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 8,100 shares of SSS which is valued at $746,901. Sovran Self Storage Inc makes up approx 0.05% of Clifford Swan Investment Counsel’s portfolio. Ncm Capital Advisers added SSS to its portfolio by purchasing 5,683 company shares during the most recent quarter which is valued at $528,008. Sovran Self Storage Inc makes up approx 1.45% of Ncm Capital Advisers’s portfolio.Robshaw Julian Associates Inc boosted its stake in SSS in the latest quarter, The investment management firm added 8,210 additional shares and now holds a total of 29,675 shares of Sovran Self Storage Inc which is valued at $2,757,104. Sovran Self Storage Inc makes up approx 2.01% of Robshaw Julian Associates Inc’s portfolio. Sit Investment Associates Inc added SSS to its portfolio by purchasing 170,725 company shares during the most recent quarter which is valued at $17,477,118. Sovran Self Storage Inc makes up approx 0.45% of Sit Investment Associates Inc’s portfolio.
On the company’s financial health, Sovran Self Storage Inc reported $1.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.34. The company had revenue of $107.00 million for the quarter, compared to analysts expectations of $105.65 million. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.
Many Wall Street Analysts have commented on Sovran Self Storage Inc. Sovran Self Storage Inc was Downgraded by Raymond James to ” Mkt Perform” on Aug 12, 2016. Sovran Self Storage Inc was Downgraded by Jefferies to ” Hold” on Aug 10, 2016. Shares were Reiterated by DA Davidson on Aug 8, 2016 to “Neutral” and Lowered the Price Target to $ 100 from a previous price target of $110 .
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.