Trade-Ideas LLC identified Sovran Self Storage ( SSS) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Sovran Self Storage as such a stock due to the following factors:

  • SSS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $33.5 million.
  • SSS has traded 60,564 shares today.
  • SSS is trading at a new lifetime high.

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More details on SSS:

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 stock currently has a dividend yield of 3%. SSS has a PE ratio of 36. Currently there are 9 analysts that rate Sovran Self Storage a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Sovran Self Storage has been 421,400 shares per day over the past 30 days. Sovran Self has a market cap of $4.4 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.34 and a short float of 4.7% with 3.98 days to cover. Shares are up 5.5% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Sovran Self Storage as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:
  • SSS's revenue growth has slightly outpaced the industry average of 7.9%. Since the same quarter one year prior, revenues rose by 12.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • SOVRAN SELF STORAGE INC has improved earnings per share by 9.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SOVRAN SELF STORAGE INC increased its bottom line by earning $3.16 versus $2.66 in the prior year. This year, the market expects an improvement in earnings ($3.67 versus $3.16).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Real Estate Investment Trusts (REITs) industry average. The net income increased by 16.9% when compared to the same quarter one year prior, going from $25.69 million to $30.04 million.
  • The gross profit margin for SOVRAN SELF STORAGE INC is rather high; currently it is at 52.88%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 31.28% is above that of the industry average.

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