Public Storage (PSA) : Aew Capital Management L P reduced its stake in Public Storage by 3.57% during the most recent quarter end. The investment management company now holds a total of 1,333,200 shares of Public Storage which is valued at $351,044,892 after selling 49,300 shares in Public Storage , the firm said in a disclosure report filed with the SEC on May 2, 2016.Public Storage makes up approximately 7.10% of Aew Capital Management L P’s portfolio.
Public Storage opened for trading at $260.29 and hit $264.1 on the upside on Friday, eventually ending the session at $263.31, with a gain of 1.25% or 3.25 points. The heightened volatility saw the trading volume jump to 7,43,717 shares. Company has a market cap of $45,653 M.
Other Hedge Funds, Including , Parkwood reduced its stake in PSA by selling 1,151 shares or 23.19% in the most recent quarter. The Hedge Fund company now holds 3,813 shares of PSA which is valued at $1,004,001. Public Storage makes up approx 0.17% of Parkwood’s portfolio.Tarbox Group reduced its stake in PSA by selling 8 shares or 22.86% in the most recent quarter. The Hedge Fund company now holds 27 shares of PSA which is valued at $6,610. Winfield Associates added PSA to its portfolio by purchasing 40 company shares during the most recent quarter which is valued at $9,792. Public Storage makes up approx 0.01% of Winfield Associates’s portfolio. Mu Investments Ltd. added PSA to its portfolio by purchasing 1,540 company shares during the most recent quarter which is valued at $377,007. Public Storage makes up approx 0.24% of Mu Investments Ltd.’s portfolio. Cwm added PSA to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $25,694.
On the company’s financial health, Public Storage reported $2.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $2.19. The company had revenue of $611.80 million for the quarter, compared to analysts expectations of $573.24 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS.
Many Wall Street Analysts have commented on Public Storage. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 253 from a previous price target of $251 .Public Storage was Downgraded by Goldman to ” Sell” on Apr 25, 2016. 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 .
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.