FBR Capital Initiates Coverage on Self Storage REITs: Demand in Hibernation

Article Stock Quotes (4) Comments (0)

FBR Capital initiates coverage on self storage REITs:

Sovran Self Storage (NYSE: SSS) and U-Store-It Trust (NYSE: YSI) started with an Outperform rating.

Public Storage (NYSE: PSA) and Extra Space Storage (NYSE: EXR) with a Market Perform.

FBR analyst says, "Our fundamental thesis for the self storage sector is a slow recovery characterized by weak demand and low supply; however, we believe that the public companies have a distinct advantage in today’s operating landscape that will lead to above-average operational performance relative to the industry as a whole."

$44 price target on SSS, $9.50 price target on YSI, $104 for PSA and $16 on EXR.

You May Also Be Interested In

• UPDATE: BTIG Starts ING U.S (VOYA) at Buy, Shares 'Significantly Undervalued'
• UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
• Piper Jaffray Starts Summer Infant (SUMR) at Overweight

Create E-mail Alert Related Categories

New Coverage

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?