Public Storage (PSA) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 1,044 additional shares in Public Storage during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 35,233 shares of Public Storage which is valued at $7,546,909.Public Storage makes up approximately 0.17% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.
Other Hedge Funds, Including , Spirit Of America Management Corpny sold out all of its stake in PSA during the most recent quarter. The investment firm sold 1,400 shares of PSA which is valued $299,880. Private Bank Trust Co added PSA to its portfolio by purchasing 1,927 company shares during the most recent quarter which is valued at $412,821. Public Storage makes up approx 0.06% of Private Bank Trust Co’s portfolio.Raymond James Trust N.a. reduced its stake in PSA by selling 78 shares or 3.26% in the most recent quarter. The Hedge Fund company now holds 2,313 shares of PSA which is valued at $489,408. Public Storage makes up approx 0.04% of Raymond James Trust N.a.’s portfolio. Central Bank Trust Co added PSA to its portfolio by purchasing 24 company shares during the most recent quarter which is valued at $5,089.Chevy Chase Trust Holdings reduced its stake in PSA by selling 1,488 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 124,446 shares of PSA which is valued at $25,995,525. Public Storage makes up approx 0.14% of Chevy Chase Trust Holdings’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.