Public Storage (PSA) : Sarasin Partners Llp scooped up 1,192 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 47,992 shares of Public Storage which is valued at $10,279,886.Public Storage makes up approximately 0.16% of Sarasin Partners Llp’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.British Columbia Investment Management Corp reduced its stake in PSA by selling 26,908 shares or 37.39% in the most recent quarter. The Hedge Fund company now holds 45,055 shares of PSA which is valued at $9,448,935. Public Storage makes up approx 0.10% of British Columbia Investment Management Corp’s portfolio. Contravisory Investment Management sold out all of its stake in PSA during the most recent quarter. The investment firm sold 7 shares of PSA which is valued $1,481.First Mercantile Trust Co reduced its stake in PSA by selling 234 shares or 18.83% in the most recent quarter. The Hedge Fund company now holds 1,009 shares of PSA which is valued at $213,958. Public Storage makes up approx 0.03% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PSA by selling 21,922 shares or 66.1% in the most recent quarter. The Hedge Fund company now holds 11,241 shares of PSA which is valued at $2,348,132. Public Storage makes up approx 0.01% of Bnp Paribas Arbitrage Sa’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.