Jefferies Starts CubeSmart (CUBE) and Sovran Self Storage (SSS) at Buy

Jefferies initiates coverage on CubeSmart (NYSE: CUBE) and Sovran Self Storage (NYSE: SSS) with Buy ratings and price targets of $23 and $89, respectively.

Analyst George Hoglund said, "CUBE and SSS are benefiting from robust self-storage fundamentals and should deliver FFO growth at the higher end of the sector in 2015 due to 1) a larger impact from acquisitions given their smaller portfolio size; 2) potential for higher occupancy gains vs peers; and 3) SSS’ focus on smaller markets with less competition."

The firm also cited a discounted valuation to the peers.

For an analyst ratings summary and ratings history on CubeSmart click here. For more ratings news on CubeSmart click here.

Shares of CubeSmart closed at $19.03 yesterday.

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