Public Storage (PSA) : Pensionfund Dsm Netherlands reduced its stake in Public Storage by 8.67% during the most recent quarter end. The investment management company now holds a total of 21,074 shares of Public Storage which is valued at $5.7 Million after selling 2,000 shares in Public Storage according to a report filed by the company on Apr 4, 2016 with the SEC.Public Storage makes up approximately 0.78% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Pensionfund Sabic reduced its stake in PSA by selling 1,000 shares or 11.35% in the most recent quarter. The Hedge Fund company now holds 7,813 shares of PSA which is valued at $2.1 Million. Public Storage makes up approx 0.65% of Pensionfund Sabic’s portfolio.
On the company’s financial health, Public Storage reported $2.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 28, 2015. Analyst had a consensus of $2.26. The company had revenue of $618.87 million for the quarter, compared to analysts expectations of $615.19 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS.
Many Wall Street Analysts have commented on Public Storage. Company shares were Reiterated by Barclays on Feb 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 232 from a previous price target of $218 .Company shares were Reiterated by Argus on Jan 27, 2016 to “Buy”, Firm has raised the Price Target to $ 275 from a previous price target of $248 .Shares were Downgraded by Barclays on Jan 26, 2016 to ” Equal Weight” and Lowered the Price Target to $ 218 from a previous price target of $221 .
Public Storage closed down -1.8 points or -0.66% at $272.25 with 3,83,048 shares getting traded on Monday. Post opening the session at $274.84, the shares hit an intraday low of $271.77 and an intraday high of $275.06 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Public Storage (the Trust) is a real estate investment trust (REIT). The Trusts principal business activities include Domestic Self-Storage European Self-Storage and Commercial. The Trust acquires develops owns and operates self-storage facilities which offer storage spaces for lease on a month-to-month basis for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name. The Trust has an around 49% equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe) which owns approximately 192 self-storage facilities (10 million net rentable square feet of space) located in seven countries in Western Europe operated under the Shurgard brand name. The Trust has an around 42% equity interest in PS Business Parks Inc. (PSB) a publicly held REIT which owns and operates around 28.6 million net rentable square feet of commercial space.