Could Public Storage Increase After Today’s Tip From Option Traders?

 Could Public Storage Increase After Today's Tip From Option Traders?

In today’s session Public Storage (PSA) recorded an unusually high (200) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PSA decrease. With 200 contracts traded and 194 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PSA161118P00180000 closed last at: $0.5 or 66.7% up. About 568,757 shares traded hands. Public Storage (NYSE:PSA) has declined 24.98% since April 5, 2016 and is downtrending. It has underperformed by 26.94% the S&P500.

Public Storage (NYSE:PSA) Ratings Coverage

Out of 16 analysts covering Public Storage (NYSE:PSA), 3 rate it a “Buy”, 2 “Sell”, while 11 “Hold”. This means 19% are positive. Public Storage has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Public Storage (NYSE:PSA) has “Buy” rating given on Monday, August 24 by Zacks. The firm has “Buy” rating given on Monday, November 16 by Argus Research. The stock has “Neutral” rating given by JP Morgan on Thursday, December 17. The firm has “Sell” rating by Goldman Sachs given on Monday, April 25. The stock has “Neutral” rating given by Bank of America on Thursday, August 11. The stock of Public Storage (NYSE:PSA) has “Equal-Weight” rating given on Tuesday, January 26 by Barclays Capital. Raymond James downgraded Public Storage (NYSE:PSA) on Thursday, January 7 to “Mkt Perform” rating. On Monday, November 9 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Hold” rating given on Monday, August 22 by Evercore. The rating was downgraded by Evercore to “Sell” on Monday, March 21.

According to Zacks Investment Research, “Public Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Company’s headquarters is located in Glendale, California. Public Storage is America’s premier storage company. Over the past three decades, the company has shown consistent growth in the number of properties owned, as well as in the range of services provided.”

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.90, from 0.6 in 2016Q1. The ratio increased, 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 Advisors Limited Liability accumulated 0.05% or 28,601 shares. Van Hulzen Asset Mngmt Ltd Liability Company accumulated 72,123 shares or 1.03% of the stock. Fulton Breakefield Broenniman, a Maryland-based fund reported 34,330 shares. Roosevelt accumulated 116,556 shares or 0.23% of the stock. Spirit Of America Mngmt Corporation Ny owns 32,490 shares or 0.12% of their US portfolio. The New Jersey-based Roundview Limited Company has invested 0.29% in Public Storage (NYSE:PSA). Geneva Advsrs Limited Liability Corp accumulated 0.01% or 17,833 shares. Massmutual Tru Communication Fsb Adv owns 5,800 shares or 0% of their US portfolio. Mycio Wealth Ltd Liability Corp reported 38 shares or 0% of all its holdings. Of Vermont holds 0% or 1,000 shares in its portfolio.

Public Storage is a real estate investment trust. The company has a market cap of $38.51 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 33.03 P/E ratio. It operates through Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. and Investment in Shurgard Europe divisions.

PSA Company Profile

Public Storage, incorporated on March 13, 2007, is a real estate investment trust (REIT). The Company’s principal 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. The Firm operates through Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe divisions. The Firm also has direct and indirect equity interests in approximately 30 million net rentable square feet of commercial space located in over nine states in the United States primarily owned and operated by PSB under the PS Business Parks name. The Firm manages approximately 30 self-storage facilities for third parties, and has equity interests in and manages over 12 additional self-storage facilities.

More notable recent Public Storage (NYSE:PSA) news were published by: Thestreet.com which released: “Clear Out of Public Storage for Now” on October 26, 2016, also Realmoney.Thestreet.com with their article: “Stock Up on Public Storage at These Levels” published on November 02, 2016, Reuters.com published: “BRIEF-Public Storage Q3 FFO per share $2.51” on October 26, 2016. More interesting news about Public Storage (NYSE:PSA) were released by: Nasdaq.com and their article: “What’s in Store for Public Storage (PSA) in Q3 Earnings?” published on October 24, 2016 as well as Seekingalpha.com‘s news article titled: “Public Storage – How Low Can You Go?” with publication date: October 13, 2016.

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