Apg Asset Management Us Inc increased its stake in Public Storage (PSA) by 2.56% based on its latest 2016Q4 regulatory filing with the SEC. The fund owned 613,500 shares of the real estate investment trust's stock at the end of the second quarter.
More important recent Public Storage (NYSE:PSA) news were published by: Nasdaq.com which released: "Ar Asset Management Inc Buys Kinder Morgan Inc, Nike Inc, Public Storage ..." on August 07, 2017, also Nasdaq.com published article titled: "Public Storage's (PSA) Q2 FFO and Revenues Miss Estimates", Nasdaq.com published: "Public Storage Named Top Dividend Stock With Insider Buying and 3.99% Yield (PSA)" on August 09, 2017.
Institutional investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co increased its stake in shares of Public Storage by 41.3% in the second quarter. Macquarie Group Ltd. now owns 237,680 shares of the real estate investment trust's stock worth $53,122,000 after buying an additional 82,966 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Life Storage by 1.7% in the first quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Public Storage by 3.3% in the first quarter. Guardian Life Insurance Co. of America now owns 576 shares of the real estate investment trust's stock worth $126,000 after buying an additional 5 shares in the last quarter. Nationwide Fund Advisors boosted its position in Public Storage by 2.1% in the first quarter. Mason Street Advisors LLC now owns 20,636 shares of the real estate investment trust's stock valued at $4,517,000 after buying an additional 232 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Life Storage by 1.9% in the second quarter. Legal & General Group Plc now owns 142,032 shares of the real estate investment trust's stock worth $10,525,000 after buying an additional 15,904 shares in the last quarter. Hedge funds and other institutional investors own 96.44% of the company's stock. Life Storage, Inc. has a 52 week low of $69.00 and a 52 week high of $95.05. (LSI) opened at 73.62 on Friday. The stock's 50-day moving average is $77.65 and its 200-day moving average is $76.42. The firm has a market capitalization of $34.91 billion, a PE ratio of 28.62 and a beta of 0.41. Robert W. Baird initiated Public Storage (NYSE:PSA) on Thursday, July 23 with "Neutral" rating. Life Storage had a net margin of 10.28% and a return on equity of 2.56%. The company had revenue of $276 million for the quarter, compared to analyst estimates of $239.89 million. During the same period in the prior year, the business earned $2.40 earnings per share. The firm's revenue for the quarter was up 24.1% on a year-over-year basis. Analysts expect next quarter's EPS to be $2.01 with next year's EPS projected to be $7.88.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. The dividend will be $2.000 per share for the quarter which comes to $8.00 on an annualized basis. The ex-dividend date will be Monday June 12th, 2017.
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Turning to some other technicals, Public Storage (PSA)'s Williams Percent Range or 14 day Williams %R presently is at -55.36. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & worldwide trademark & copyright law. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/08/11/life-storage-inc-lsi-stake-held-by-apg-asset-management-us-inc-updated-updated.html. "(NYSE:LSI)" was first reported by StockNewsTimes and is owned by of StockNewsTimes. Citigroup Inc. reiterated a "buy" rating and issued a $92.00 price objective (down previously from $100.00) on shares of Life Storage in a research report on Sunday, May 14th. BidaskClub upgraded Public Storage from a "strong sell" rating to a "sell" rating in a report on Friday, June 16th. Finally, Bank of America Corporation dropped their target price on Public Storage from $222.00 to $218.00 and set a "neutral" rating for the company in a report on Thursday, July 20th. Zacks Investment Research cut Public Storage from a "hold" rating to a "sell" rating in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company's stock. Public Storage has an average rating of "Hold" and a consensus price target of $221.64.
Life Storage, Inc, formerly Sovran Self Storage, Inc, is a self-administered and self-managed real estate company. The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States.
Shares of Life Storage, Inc.