REIT - Industrial Stocks on Investors' Radar -- First Industrial Realty Trust, Extra Space Storage, Sovran Self Storage, and National Storage Affiliates

Jul 22, 2016, 08:00 ET from Chelmsford Park SA

NEW YORK, July 22, 2016 /PRNewswire/ -- this morning evaluates the recent performances of First Industrial Realty Trust Inc. (NYSE: FR), Extra Space Storage Inc. (NYSE: EXR), Sovran Self Storage Inc. (NYSE: SSS), and National Storage Affiliates (NYSE: NSA). Analysts predict a continued strong run for Industrial REITs after the industry outperformed the market in the second quarter. Learn more about these stocks by accessing their free notes at:

First Industrial Realty Trust  

U.S.-domiciled First Industrial Realty Trust Inc.'s stock saw a slight decline of 0.07% and finished Thursday's trading session at $28.59. A total volume of 665,825 shares was traded. In the last month and the previous three months, the stock has advanced 7.13% and 28.61%, respectively. Additionally, the Company's shares have gained 31.21% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.28% and 26.21%, respectively. Moreover, shares of First Industrial Realty Trusthave a Relative Strength Index (RSI) of 72.21.

On June 06th, 2016, First Industrial Realty Trust announced that it has signed long-term lease agreements at two of its developments; the leasing of 243,000 square feet at its First 33 Commerce Center in the Lehigh Valley of Pennsylvania, and the 50,000 square-foot lease at its First Arlington Commerce Center @ I-20 in the GSW submarket of Dallas. FR complete notes are just a click away at:

Extra Space Storage  

On Thursday, shares in Salt Lake City, Utah-based Extra Space Storage Inc. recorded a trading volume of 780,672 shares, and ended the session 0.05% higher at $92.89. The stock has gained 6.38% in the last one month, 9.75% in the previous three months, and 6.98% on an YTD basis. The Company's shares are trading 2.22% above their 50-day moving average. Furthermore, shares of Extra Space Storage have an RSI of 56.65.

On June 24th, 2016, research firm DA Davidson initiated a 'Neutral' rating, issuing a target price of $95 on the Company's stock.

On June 27th, 2016, Extra Space Storage announced that it will release financial results for the three and six months ended June 30th, 2016 on July 27th, 2016 after the market closes. The Company will host a conference call at 1:00 p.m. Eastern Time on July 28th, 2016 to discuss its financial results. The complimentary notes on EXR can be accessed at:

Sovran Self Storage  

Shares in Williamsville, New York headquartered Sovran Self Storage Inc. closed the day at $105.87, slightly down 0.14%. The stock recorded a trading volume of 349,210 shares. The Company's shares have gained 5.24% in the last one month and 1.16% since the start of this year. The stock is trading 0.46% above its 50-day moving average. Additionally, shares of Sovran Self Storage have an RSI of 55.94.

On June 24th, 2016, research firm DA Davidson initiated a 'Neutral' rating, issuing a target price of $110 on the Company's stock.

On July 18th, 2016, the company announced that it has completed its acquisition of LifeStorage, L.P., a privately-owned self storage operator, for a purchase price of approximately $1.3 billion. The purchase was funded primarily with the proceeds of a 6.9 million share common stock offering the Company completed in May 2016, and a June 2016 sale of $600 million of 10 year notes with an interest rate of 3.5%. The company also announced that it will rebrand the 563 storage facilities it presently operates as "Uncle Bob's Self Storage®" to "Life Storage®". The Company also plans to change its corporate name from "Sovran Self Storage, Inc." to "Life Storage, Inc." and its ticker symbol on the NYSE from SSS to LSI. These changes are expected to occur in mid-August, 2016. Sign up for your complimentary notes on SSS at:

National Storage Affiliates  

At the closing bell yesterday, shares in Greenwood Village, Colorado-based National Storage Affiliates ended 0.05% higher at $21.85 and with a total volume of 241,502 shares traded. The stock has advanced 6.38% in the last one month, 7.95% in the previous three months, and 27.55% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 2.61% and 18.69%, respectively. Furthermore, shares of National Storage Affiliates have an RSI of 53.77.

On June 24th, 2016, research firm DA Davidson initiated a 'Buy' rating, issuing a target price of $25 on the Company's stock.

On July 06th, 2016, the company announced the closing of its previously announced underwritten public offering of 12,046,250 common shares of beneficial interest at a public offering price of $20.75 per share, which includes 1,571,250 common shares issued in connection with the exercise in full of the underwriters' option to purchase additional common shares at the public offering price, less the underwriting discount. Get free access to your notes on NSA at:


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