Public Storage (PSA) : Bennicas Associates reduced its stake in Public Storage by 1.23% during the most recent quarter end. The investment management company now holds a total of 8,024 shares of Public Storage which is valued at $1,718,741 after selling 100 shares in Public Storage , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Public Storage makes up approximately 1.63% of Bennicas Associates’s portfolio.
Other Hedge Funds, Including , Crestpoint Capital Management boosted its stake in PSA in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 1,600 shares of Public Storage which is valued at $342,720. Public Storage makes up approx 0.18% of Crestpoint Capital Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in PSA in the latest quarter, The investment management firm added 22,000 additional shares and now holds a total of 57,176 shares of Public Storage which is valued at $12,097,870. Public Storage makes up approx 0.26% of Oregon Public Employees Retirement Fund’s portfolio.Gofen Glossberg Il boosted its stake in PSA in the latest quarter, The investment management firm added 11,018 additional shares and now holds a total of 42,183 shares of Public Storage which is valued at $8,925,501. Public Storage makes up approx 0.37% of Gofen Glossberg Il’s portfolio. Pure Financial Advisors sold out all of its stake in PSA during the most recent quarter. The investment firm sold 816 shares of PSA which is valued $173,033. Simplex Trading added PSA to its portfolio by purchasing 2,855 company shares during the most recent quarter which is valued at $605,403. Public Storage makes up approx 0.08% of Simplex Trading’s portfolio.
Public Storage closed down -0.03 points or -0.01% at $214.2 with 5,99,108 shares getting traded on Friday. Post opening the session at $214.74, the shares hit an intraday low of $213.23 and an intraday high of $215.7185 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Public Storage reported $2.40 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $2.40. The company had revenue of $594.39 million for the quarter, compared to analysts expectations of $594.83 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.17 EPS.
Many Wall Street Analysts have commented on Public Storage. Public Storage was Downgraded by BofA/Merrill to ” Neutral” on Aug 11, 2016.
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.