Sovran Self Storage

Shares of Sovran Self Storage Inc (NYSE: SSS) were trading lower by nearly 4 percent at $105.50 late Wednesday morning after the company announced a public offering of 2.3 million shares of its common stock at $105.75 per share. Shares of Sovran Self Storage closed at $109.79 on Tuesday....

Wells Fargo is initiating coverage of Sovran Self Storage, Inc. (NYSE: SSS) with a Market Perform rating and a 12-month valuation range of $36-38 per share. “While the current valuation appears attractive relative to its public peers and the balance sheet remains solid, fundamentals have lagged and...