In today’s session Public Storage (PSA) registered an unusually high (186) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious PSA increase. With 186 contracts traded and 8734 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: PSA161021C00230000 closed last at: $1.8 or 30.8% down. The stock decreased 1.78% or $3.86 on October 4, hitting $212.66. Public Storage (NYSE:PSA) has declined 16.98% since March 2, 2016 and is downtrending. It has underperformed by 26.23% the S&P500.
Analysts await Public Storage (NYSE:PSA) to report earnings on October, 26. They expect $2.51 earnings per share, up 10.57% or $0.24 from last year’s $2.27 per share. PSA’s profit will be $435.88 million for 21.18 P/E if the $2.51 EPS becomes a reality. After $2.34 actual earnings per share reported by Public Storage for the previous quarter, Wall Street now forecasts 7.26% EPS growth.
Public Storage (NYSE:PSA) Ratings Coverage
Out of 16 analysts covering Public Storage (NYSE:PSA), 3 rate it a “Buy”, 3 “Sell”, while 10 “Hold”. This means 19% are positive. Public Storage has been the topic of 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Buy” on Monday, August 24. The stock of Public Storage (NYSE:PSA) has “Mkt Perform” rating given on Thursday, January 7 by Raymond James. The rating was downgraded by JP Morgan to “Neutral” on Thursday, December 17. Evercore downgraded the shares of PSA in a report on Monday, March 21 to “Sell” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, November 9. Argus Research maintained the stock with “Buy” rating in Monday, November 16 report. On Tuesday, January 26 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. As per Thursday, June 23, the company rating was initiated by FBR Capital. Barclays Capital maintained Public Storage (NYSE:PSA) on Tuesday, July 19 with “Equalweight” rating. On Wednesday, January 27 the stock rating was maintained by Argus Research with “Buy”.
Insitutional Activity: The institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.90, from 0.6 in 2016Q1. The ratio improved, as 1 funds sold all Public Storage shares owned while 1 reduced positions. 0 funds bought stakes while 3 increased positions. They now own 340,461 shares or 0.63% more from 338,327 shares in 2016Q1.
Kcm Invest Advsrs Ltd Co accumulated 0.05% or 28,601 shares. Van Hulzen Asset Mngmt Ltd Llc has invested 1.03% of its portfolio in Public Storage (NYSE:PSA). Geneva Advsrs Lc has 0.01% invested in the company for 17,833 shares. Roundview Cap Ltd owns 31,690 shares or 0.29% of their US portfolio. Massmutual Trust Fsb Adv has 5,800 shares for 0% of their US portfolio. Roosevelt Inv Gp Inc Inc holds 116,556 shares or 0.23% of its portfolio. The New York-based Spirit Of America Mgmt Ny has invested 0.12% in Public Storage (NYSE:PSA). Mycio Wealth Prtn Lc reported 38 shares or 0% of all its holdings. Trust Communication Of Vermont accumulated 0% or 1,000 shares. Fulton Breakefield Broenniman accumulated 34,330 shares or 0.18% of the stock.
Public Storage is a real estate investment trust. The company has a market cap of $36.93 billion. The Company’s business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. It has a 33.64 P/E ratio. It operates through Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. and Investment in Shurgard Europe divisions.
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