UBS Downgrades Sovran Self Storage (SSS) to Sell

February 15, 2013 6:48 AM EST Send to a Friend
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Price: $90.75 -1.19%

Rating Summary:
    6 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 23 | New: 27
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UBS downgraded Sovran Self Storage (NYSE: SSS) from Neutral to Sell as part of a U.S. self storage sector downgrade to Underweight.

"We've turned cautious on the self storage REITs, as we believe that an expected slowdown in top- and bottom-line growth over the next 2 years is not appropriately reflected in the valuations, which are currently at peak levels. As such, we see the potential for prolonged underperformance, similar to what occurred in multifamily over the last 18 months, as valuations pull back to reflect a more normalized growth rate."

For an analyst ratings summary and ratings history on Sovran Self Storage click here. For more ratings news on Sovran Self Storage click here.

Shares of Sovran Self Storage closed at $64.95 yesterday.

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