NEW YORK (

TheStreet

) --

Sovran Self Storage

(NYSE:

SSS

) hit a new 52-week high Thursday as it is currently trading at $44.99, above its previous 52-week high of $44.98 with 11,512 shares traded as of 12:14 p.m. ET. Average volume has been 170,600 shares over the past 30 days.

Sovran Self has a market cap of $1.23 billion and is part of the

financial

sector and

real estate

industry. Shares are up 4.7% year to date as of the close of trading on Wednesday.

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 42.2, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Sovran Self as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Sovran Self Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null