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Stock Market & Financial Investment News

News Breaks
January 16, 2013
06:07 EDTCUBE, SSS, PSA, EXRSelf Storage sector upgraded to Overweight at Wells Fargo
Wells Fargo upgraded the Self Storage REIT group to Overweight from Market Weight citing a favorable macro-economic backdrop and expectations for continued outperformance in 2013. Wells upgraded shares of Extra Space Storage (EXR) and Sovran Self Storage (SSS) to Outperform from Market Perform, and keeps an Outperform rating on CubeSmart (CUBE) and Market Perform rating on Public Storage (PSA).
News For EXR;SSS;CUBE;PSA From The Last 14 Days
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December 16, 2014
16:07 EDTCUBECubeSmart increases dividend to 16c
CubeSmart announced that its Board of Trustees declared a quarterly dividend of 16c per common share for the period ending December 31. The dividend is payable on January 15, 2015 to common shareholders of record on January 2, 2015. The quarterly distribution represents an annualized dividend rate of 64c per share, a 12c increase from the previous annual rate of 52c per share. The Board of Trustees also declared a quarterly dividend of 48.4375c per share for the 7.75% Series A Cumulative Redeemable Preferred Shares payable on January 15, 2015 to holders of record on January 2, 2015.
December 9, 2014
07:51 EDTEXRExtra Space Storage same store sales could be weakening, says Wells Fargo
After meeting with Extra Space's CFO, Wells Fargo thinks that same-store sales at the company could be shifting to "very good" from great." However, the firm says that the company is not yet seeing a great deal of new competition. It raised its price target on the name to $61-$64 from $60-$63 and keeps an Outperform rating on the shares.

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