Sovran Self Storage Inc (SSS) : V3 Capital Management reduced its stake in Sovran Self Storage Inc by 5.76% during the most recent quarter end. The investment management company now holds a total of 431,008 shares of Sovran Self Storage Inc which is valued at $39,743,248 after selling 26,350 shares in Sovran Self Storage Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sovran Self Storage Inc makes up approximately 10.33% of V3 Capital Management’s portfolio.
Other Hedge Funds, Including , Renaissance Technologies reduced its stake in SSS by selling 286,600 shares or 18.49% in the most recent quarter. The Hedge Fund company now holds 1,263,200 shares of SSS which is valued at $116,479,672. Sovran Self Storage Inc makes up approx 0.21% of Renaissance Technologies’s portfolio.Texas Permanent School Fund boosted its stake in SSS in the latest quarter, The investment management firm added 4,100 additional shares and now holds a total of 35,437 shares of Sovran Self Storage Inc which is valued at $3,267,646. Sovran Self Storage Inc makes up approx 0.04% of Texas Permanent School Fund’s portfolio. Utah Retirement Systems added SSS to its portfolio by purchasing 9,296 company shares during the most recent quarter which is valued at $924,580. Sovran Self Storage Inc makes up approx 0.02% of Utah Retirement Systems’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.