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INX:PSA, Jan 21, 04:56 UTC

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Thursday, January 17


News

See what the IHS Markit Score report has to say about Public Storage.

PSA

See what the IHS Markit Score report has to say about Public Storage. Short interest is low for PSA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.

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  • Financial

Wednesday, January 16


News

Public Storage Announces Tax Treatment of 2018 Dividends

PSA

The ordinary income dividends are not “qualified dividend income” for purposes of determining dividends that are taxed as net capital gain. For shareholders other than corporations the ordinary dividends are “qualified REIT dividends” under the new qualified business income provisions enacted as part of the Tax Cuts and Jobs Act of 2017. For the fourth quarter of 2018, the percentage of the long-term capital gain that constitutes unrecaptured section 1250 gain is 11.46768%. In prior years Public Storage has apportioned its alternative minimum tax adjustments between the REIT and its shareholders under section 59(d) of the Internal Revenue Code. This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed. At September 30, 2018, we had interests in 2,418 self-storage facilities located in 38 states with approximately 161 million net rentable square feet in the United States and 228 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the “Shurgard” brand.

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  • Financial

Thursday, December 27


News

Public Storage CEO and CFO Succession Commences

PSA

Public Storage (PSA) announced today that Joe Russell and Tom Boyle will commence serving as Chief Executive Officer and Chief Financial Officer of the company, respectively, on January 1, 2019. “Joe and Tom joined Public Storage having demonstrated consistent success and impeccable character throughout their careers. The company and its shareholders will be well-served by Joe and Tom’s leadership moving forward,” said Mr. Havner. At September 30, 2018, we had interests in 2,418 self-storage facilities located in 38 states with approximately 161 million net rentable square feet in the United States and 228 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the “Shurgard” brand.

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  • Financial

Friday, December 21


News

Specialized REITs ETFs Find Support from Rising Demand for Self Storage

PSA

Specialized REITs ETFs Find Support from Rising Demand for Self Storage. Real estate investment trust-related ETFs have strengthened this year, partly due to the rising demand for properties that allow consumers to store away their growing accumulation of stuff. For example, the iShares Residential Real Estate Capped ETF (REZ) , which includes large exposures to self-storage companies like 9.7% in Public Storage REIT (PSA), gained 6.4% year-to-date while the S&P 500 declined 5.9%. Self-storage stocks have been rallying since the economy bounced back from the 2008 housing collapse, with shares of some of the largest self-storage owners quadrupling or more since bottoming out and outperforming the S&P 500 on a total return basis over the past decade, the Wall Street Journal reports. “Developers and institutional investors caught on to it so there’s been a lot of supply coming online.”. For instance, Executives with Public Storage, the industry’s 161-million-square-foot player, told investors on a conference call that about $4 billion worth of new facilities have been built this year and that there will probably be about that much more added in the year ahead.

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Monday, December 03


News

Is Public Storage (NYSE:PSA) A Good Stock To Buy After Narrower Q3 Loss?

PSA

Let's look at how this market volatility affected the sentiment of hedge funds towards Public Storage (NYSE:PSA), and what that likely means for the prospects of the company and its stock. Still, that number was far from enough for the stock to be included in the list of 30 most popular stocks among ALL hedge funds. If you'd ask most market participants, hedge funds are seen as worthless, outdated financial tools of yesteryear. While there are over 8000 funds with their doors open at present, Our researchers hone in on the moguls of this group, about 700 funds. These hedge fund managers direct the majority of all hedge funds' total capital, and by watching their first-class picks, Insider Monkey has discovered a number of investment strategies that have historically defeated the market. We're going to analyze the new hedge fund action regarding Public Storage (NYSE:PSA). How have hedgies been trading Public Storage (NYSE:PSA)?

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  • Business
  • Financial

Friday, November 30


News

Public Storage (PSA) Shares Sold by Rafferty Asset Management LLC – Marea Informative

PSA

Rafferty Asset Management LLC lowered its stake in Public Storage (NYSE:PSA) by 9.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Citigroup dropped their price objective on Public Storage from $235.00 to $202.00 and set a “hold” rating on the stock in a research note on Friday, October 5th. In related news, Director Gary E. Pruitt sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. Following the completion of the sale, the director now owns 8,350 shares in the company, valued at approximately $1,697,972.50.

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Thursday, November 29


News

Why Is Public Storage (PSA) Up 2.4% Since Last Earnings Report?

PSA

A month has gone by since the last earnings report for Public Storage (PSA). Will the recent positive trend continue leading up to its next earnings release, or is Public Storage due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Its shares started trading on Euronext Brussels under the “SHUR” symbol.As a result of this offering, Public Storage’s equity interest, consisting of a direct and indirect pro-rata ownership interest in 31.3 million shares, shrunk from 49% to 36.6% (35.2% assuming exercise of the “green shoe”). Therefore, even with no share sell off, the company will record a gain on disposition in the current quarter, which will be as if the company had sold a proportionate share of its investment in Shurgard Europe.Additionally, on Jul 13, 2018, the company received a cash distribution of $145.4 million from Shurgard Europe. How Have Estimates Been Moving Since Then?

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  • Financial

Tuesday, November 27


News

Public Storage (NYSE:PSA) Shares Sold by Royal London Asset Management Ltd. – Fairfield Current

PSA

Royal London Asset Management Ltd. reduced its position in Public Storage (NYSE:PSA) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). In related news, Director Gary E. Pruitt sold 5,000 shares of the stock in a transaction on Wednesday, November 7th. Following the completion of the transaction, the director now directly owns 8,350 shares of the company’s stock, valued at approximately $1,697,972.50. Citigroup cut their price objective on shares of Public Storage from $235.00 to $202.00 and set a “hold” rating on the stock in a report on Friday, October 5th.

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Sunday, November 25


News

Public Storage (PSA) Draws Bearish Attention After Forming Wedge Down

PSA

Public Storage (PSA) Draws Bearish Attention After Forming Wedge Down. The stock of Public Storage (PSA) formed a down wedge with $199.35 target or 4.00 % below today’s $207.66 share price. The 5 months wedge indicates high risk for the $36.26 billion company. If the $199.35 price target is reached, the company will be worth $1.45B less. Among 4 analysts covering Public Storage (NYSE:PSA), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive.

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Sunday, November 04


News

Xact Kapitalforvaltning AB Reduces Position in Public Storage (PSA) – Fairfield Current

PSA

Xact Kapitalforvaltning AB lessened its holdings in Public Storage (NYSE:PSA) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. In related news, CEO Ronald L. Havner, Jr. sold 100,000 shares of Public Storage stock in a transaction dated Thursday, August 30th. The firm has a market cap of $34.71 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.13. Barclays increased their target price on shares of Public Storage from $205.00 to $212.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 17th.

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  • Business
  • Financial