FBR Capital maintains an 'Outperform' on Sovran Self Storage (SSS); The Source of Sovran Wealth; Touring SSS Headquarters

FBR Capital maintains an 'Outperform' on Sovran Self Storage (NYSE: SSS).

FBR analyst says, "Our visit to Sovran’s headquarters strengthened our view that the company could have visible catalysts in the short-run; SSS provides an opportunity to capture industry growth at a relative discount. The stock remains discounted with an implied cap of 7.6% vs. self storage peers and REITs, overall, at 5.8% and 5.5%, respectively. Overall, we continue to believe that core SSNOI for self storage REITs should collapse towards a mean, given lack of robust demand in the industry. Near term visible catalysts could include acquisitions, construction spending and debt refinancings. In the note below, we highlight our takeaways from the meetings including industry environment overview, acquisitions, debt refinancing, internet marketing, call center quality, revenue management and a store tour."

For more ratings news on Sovran Self Storage click here and for the rating history of Sovran Self Storage click here.

Shares of Sovran Self Storage closed at $41.00 yesterday.

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