Sovran Self Storage Inc(NYSE:SSS) Declares Dividend of $0.9500.

Sovran Self Storage Inc (NYSE:SSS) had declared a cash dividend of $0.9500 on Jul 5, 2016. The shares will quote ex-dividend on Jul 13, 2016 and the record date has been fixed for Jul 15, 2016. On Jul 5, 2016 share price, the yield comes out to be 3.5768%. The dividend payable date has been fixed on Jul 26, 2016.

In a different note, On Jun 24, 2016, Evercore ISI Group said it Upgrades its rating on Sovran Self Storage Inc. The shares have been rated ‘Buy’ by the firm. DA Davidson said it Initiates Coverage on Sovran Self Storage Inc, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Neutral’ by the firm. FBR Capital said it Initiates Coverage on Sovran Self Storage Inc, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Market Perform’ by the firm. On May 17, 2016, BMO Capital said it Downgrades its rating on Sovran Self Storage Inc. The shares have been rated ‘Market Perform’ by the firm. On May 13, 2016, Citigroup said it Maintains its rating on Sovran Self Storage Inc. In the research note, the firm Raises the price-target to $110.00 per share. The shares have been rated ‘Neutral’ by the firm.

Sovran Self Storage Inc (SSS) made into the market gainers list on Fridays trading session with the shares advancing 1.78% or 1.86 points. Due to strong positive momentum, the stock ended at $106.44, which is also near the day’s high of $106.94. The stock began the session at $104.84 and the volume stood at 5,92,949 shares. The 52-week high of the shares is $118.18 and the 52 week low is $85.69. The company has a current market capitalization of $4,198 M and it has 3,94,44,553 shares in outstanding.

Sovran Self Storage Inc(SSS) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $99.12M. Analysts had an estimated revenue of $96.60M. Earnings per share were $1.22. Analysts had estimated an EPS of $1.17.

Several Insider Transactions has been reported to the SEC. On Dec 11, 2015, Kenneth F Myszka (President) sold 1,384 shares at $100.04 per share price.Also, On Nov 30, 2015, Robert J Attea (Executive Chairman of Board) sold 3,038 shares at $100.27 per share price.On Sep 18, 2015, David L Rogers (CEO) sold 2,901 shares at $92.82 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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