November 21, 2016 - By Adrian Mccoy · 0 Comments
Public Storage Inc (NYSE:PSA) institutional sentiment decreased to 0.11 in 2016 Q2. Its down -1.39, from 1.5 in 2016Q1. The ratio dropped, as 3 active investment managers increased and opened new equity positions, while 2 decreased and sold their equity positions in Public Storage Inc. The active investment managers in our partner’s database now have: 340,461 shares, up from 338,327 shares in 2016Q1. Also, the number of active investment managers holding Public Storage Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 1 Increased: 3 New Position: 0.
Public Storage is a real estate investment trust. The company has a market cap of $35.12 billion. The Company’s business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. It has a 31.14 P/E ratio. It operates through Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. and Investment in Shurgard Europe divisions.
About 392,486 shares traded hands. Public Storage (NYSE:PSA) has declined 22.59% since April 19, 2016 and is downtrending. It has underperformed by 26.45% the S&P500.
According to Zacks Investment Research, “Public Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Company’s headquarters is located in Glendale, California. Public Storage is America’s premier storage company. Over the past three decades, the company has shown consistent growth in the number of properties owned, as well as in the range of services provided.”
Van Hulzen Asset Management Llc holds 1.03% of its portfolio in Public Storage for 72,123 shares. Roundview Capital Llc owns 31,690 shares or 0.29% of their US portfolio. Moreover, Roosevelt Investment Group Inc has 0.23% invested in the company for 116,556 shares. The Maryland-based Fulton Breakefield Broenniman Llc has invested 0.18% in the stock. Spirit Of America Management Corp Ny, a New York-based fund reported 32,490 shares.#img1#
Ratings analysis reveals 19% of Public Storage’s analysts are positive. Out of 16 Wall Street analysts rating Public Storage, 3 give it “Buy”, 2 “Sell” rating, while 11 recommend “Hold”. The lowest target is $200 while the high is $275. The stock’s average target of $232.50 is 14.45% above today’s ($203.14) share price. PSA was included in 38 notes of analysts from July 21, 2015. Jefferies maintained it with “Hold” rating and $245 target price in Wednesday, August 10 report. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, November 11. The stock has “Market Perform” rating given by FBR Capital on Thursday, June 23. The stock has “Hold” rating given by Evercore on Tuesday, September 8. As per Wednesday, September 9, the company rating was maintained by Argus Research. The rating was initiated by Robert W. Baird with “Neutral” on Thursday, July 23. The firm has “Buy” rating given on Monday, August 24 by Zacks. The rating was upgraded by Zacks on Wednesday, September 2 to “Buy”. On Monday, August 22 the stock rating was upgraded by Evercore to “Hold”. The stock of Public Storage (NYSE:PSA) earned “Neutral” rating by Bank of America on Thursday, August 11.
Public Storage, incorporated on March 13, 2007, is a real estate investment trust (REIT). The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. The Firm operates through Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe divisions. The Firm also has direct and indirect equity interests in approximately 30 million net rentable square feet of commercial space located in over nine states in the United States primarily owned and operated by PSB under the PS Business Parks name. The Firm manages approximately 30 self-storage facilities for third parties, and has equity interests in and manages over 12 additional self-storage facilities.
More notable recent Public Storage (NYSE:PSA) news were published by: Thestreet.com which released: “Clear Out of Public Storage for Now” on October 26, 2016, also Stltoday.com with their article: “PUBLIC STORAGE INC-REGIONL – Ad from 2016-11-18” published on November 18, 2016, Nasdaq.com published: “Director at Public Storage buys 69763 shares” on November 18, 2016. More interesting news about Public Storage (NYSE:PSA) were released by: Seekingalpha.com and their article: “Public Storage Preferred For Parking Cash” published on November 09, 2016 as well as Realmoney.Thestreet.com‘s news article titled: “Stock Up on Public Storage at These Levels” with publication date: November 02, 2016.
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By Adrian Mccoy