Public Storage (PSA) : State Of Alaska Department Of Revenue reduced its stake in Public Storage by 1.3% during the most recent quarter end. The investment management company now holds a total of 68,780 shares of Public Storage which is valued at $18,428,913 after selling 909 shares in Public Storage , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Public Storage makes up approximately 1.92% of State Of Alaska Department Of Revenue’s portfolio.
Public Storage opened for trading at $267.56 and hit $268.76 on the upside on Friday, eventually ending the session at $267.94, with a gain of 0.30% or 0.79 points. The heightened volatility saw the trading volume jump to 9,87,304 shares. Company has a market cap of $46,426 M.
Other Hedge Funds, Including , Smith Affiliated Capital Corp. sold out all of its stake in PSA during the most recent quarter. The investment firm sold 10,500 shares of PSA which is valued $2,813,370. Dnb Asset Management As added PSA to its portfolio by purchasing 11,889 company shares during the most recent quarter which is valued at $3,185,539. Public Storage makes up approx 0.07% of Dnb Asset Management As’s portfolio.Capstone Asset Management Co reduced its stake in PSA by selling 28,328 shares or 63.44% in the most recent quarter. The Hedge Fund company now holds 16,322 shares of PSA which is valued at $4,373,317. Public Storage makes up approx 0.12% of Capstone Asset Management Co’s portfolio.Proficio Capital Partners reduced its stake in PSA by selling 4 shares or 10.53% in the most recent quarter. The Hedge Fund company now holds 34 shares of PSA which is valued at $9,257. Public Storage makes up approx 0.01% of Proficio Capital Partners’s portfolio.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 $2,127,089. 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 (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.