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TheStreet Wire

Sovran Self Reaches New 52-Week High (SSS)

By TheStreet Wire 05/01/12 - 11:06 AM EDT

Find out if (SSS) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Sovran Self Storage (NYSE:SSS) hit a new 52-week high Tuesday as it is currently trading at $53.48, above its previous 52-week high of $53.13 with 11,703 shares traded as of 10:39 a.m. ET. Average volume has been 151,100 shares over the past 30 days.

Sovran Self has a market cap of $1.54 billion and is part of the financial sector and real estate industry. Shares are up 23.5% year to date as of the close of trading on Monday.

Sovran Self Storage, Inc. operates as a real estate investment trust (REIT). It engages in the acquisition, ownership, and management of self-storage properties in the United States. The company has a P/E ratio of 48.2, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Sovran Self as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Sovran Self Ratings Report.

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