Cantor Fitzgerald Starts Sovran Self Storage (SSS) at Hold; The Middle Child of Storage
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Price: $21.72 +1.59%
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Cantor Fitzgerald initiates coverage on Sovran Self Storage (NYSE: SSS) with a Hold. PT $49.50.
Cantor analyst says, "Operations have weathered recent periods of weakness, while portfolio performance has accelerated. Among the four public storage investment options, SSS is often overlooked given that it is not massive (see Public Storage (NYSE: PSA)), reinvented (see CubeSmart (Nasdaq: CUBE)), or turbo-charged (see Extra Space Storage). The lack of star power continues to hold the stock back. That said, we view the lower CAGR as balanced by the relative discount for stable cash flows, attractive yield, and accelerated strategy execution. Our neutral view on SSS would change in the context of a broader pull-back, increased acquisitions, or an uptick in growth patterns."
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 $47.71 yesterday.
Cantor analyst says, "Operations have weathered recent periods of weakness, while portfolio performance has accelerated. Among the four public storage investment options, SSS is often overlooked given that it is not massive (see Public Storage (NYSE: PSA)), reinvented (see CubeSmart (Nasdaq: CUBE)), or turbo-charged (see Extra Space Storage). The lack of star power continues to hold the stock back. That said, we view the lower CAGR as balanced by the relative discount for stable cash flows, attractive yield, and accelerated strategy execution. Our neutral view on SSS would change in the context of a broader pull-back, increased acquisitions, or an uptick in growth patterns."
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 $47.71 yesterday.
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