The stock of Public Storage (NYSE:PSA) is a huge mover today! About 595,622 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.
The move comes after 5 months positive chart setup for the $38.52B company. It was reported on Nov, 8 by Barchart.com. We have $288.73 PT which if reached, will make NYSE:PSA worth $13.10B more.
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 rating was maintained by Barclays Capital on Tuesday, July 19 with “Equalweight”. The firm has “Neutral” rating given on Thursday, August 11 by Bank of America. The stock has “Buy” rating given by Argus Research on Monday, November 16. The rating was maintained by RBC Capital Markets on Wednesday, May 11 with “Sector Perform”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, November 11. The firm has “Outperform” rating by Raymond James given on Friday, September 4. The firm has “Sell” rating by Goldman Sachs given on Monday, April 25. The stock of Public Storage (NYSE:PSA) earned “Neutral” rating by Robert W. Baird on Thursday, July 23. The company was downgraded on Thursday, January 7 by Raymond James. The firm earned “Buy” rating on Wednesday, January 27 by Argus Research.
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 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.
Geneva Limited Liability Corporation reported 17,833 shares or 0.01% of all its holdings. Tru Of Vermont last reported 0% of its portfolio in the stock. Roundview Cap Ltd Liability Corporation reported 31,690 shares or 0.29% of all its holdings. Roosevelt Invest Grp Inc owns 116,556 shares or 0.23% of their US portfolio. Fulton Breakefield Broenniman Ltd reported 34,330 shares or 0.18% of all its holdings. Van Hulzen Asset Mngmt Ltd Company holds 1.03% of its portfolio in Public Storage (NYSE:PSA) for 72,123 shares. Spirit Of America Management Ny last reported 32,490 shares in the company. Mycio Wealth Prtnrs Ltd Liability Corp has 38 shares for 0% of their US portfolio. Kcm Investment Advsrs Lc accumulated 28,601 shares or 0.05% of the stock. The Connecticut-based Massmutual Company Fsb Adv has invested 0% in Public Storage (NYSE:PSA).
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.
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.
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