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INX:PSA, Oct 16, 09:01 UTC

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Saturday, October 13


News

How Many Public Storage (NYSE:PSA)'s Analysts Are Bearish?

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Among 5 analysts covering Public Storage (NYSE:PSA), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive. Public Storage had 6 analyst reports since April 25, 2018 according to SRatingsIntel. Barclays Capital maintained Public Storage (NYSE:PSA) rating on Tuesday, July 17. 05/10/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $235 New Target: $202 Maintain22/08/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Sell Downgrade17/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $205 New Target: $212 Maintain12/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $200 New Target: $235 Maintain14/06/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $199 New Target: $193 Maintain25/04/2018 Broker: Jefferies Rating: Hold New Target: $200.0000 Maintain.

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News

As Public Storage (PSA) Share Price Declined, Schwab Charles Investment Management INC Has Upped Holding

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The institutional investor held 1.56 million shares of the real estate investment trusts company at the end of 2018Q2, valued at $352.90 million, up from 1.50 million at the end of the previous reported quarter. Schwab Charles Investment Management Inc who had been investing in Public Storage for a number of months, seems to be bullish on the $34.35 billion market cap company. Schwab Charles Investment Management Inc, which manages about $137.28B US Long portfolio, decreased its stake in Epam Sys Inc (NYSE:EPAM) by 64,118 shares to 296,208 shares, valued at $36.83M in 2018Q2, according to the filing. Among 5 analysts covering Public Storage (NYSE:PSA), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive.

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Friday, October 12


News

Analysts See $2.68 EPS for Public Storage (PSA)

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Analysts expect Public Storage (NYSE:PSA) to report $2.68 EPS on October, 24.They anticipate $0.07 EPS change or 2.68 % from last quarter’s $2.61 EPS. PSA’s profit would be $467.59M giving it 18.36 P/E if the $2.68 EPS is correct. Public Storage (NYSE:PSA) has risen 1.06% since October 13, 2017 and is uptrending. Among 5 analysts covering Public Storage (NYSE:PSA), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive.

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Thursday, October 04


News

$2.68 EPS Expected for Public Storage (PSA)

PSA

Analysts expect Public Storage (NYSE:PSA) to report $2.68 EPS on October, 24.They anticipate $0.07 EPS change or 2.68 % from last quarter’s $2.61 EPS. PSA’s profit would be $467.59 million giving it 18.45 P/E if the $2.68 EPS is correct. Public Storage (NYSE:PSA) has risen 1.06% since October 5, 2017 and is uptrending. Among 5 analysts covering Public Storage (NYSE:PSA), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive.

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Wednesday, September 26


News

Public Storage (PSA) Unveils Self-Storage Facility in Florida

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The move comes as part of the company’s effort to expand in this fast growing region.Located at 39 SE 1 st St., Deerfield Beach, FL 33441, the new storage facility has units ranging from indoor, climate-controlled units to convenient drive-up outdoor storage. The ‘Public Storage’ brand is the most recognized and established name in the self-storage industry, with presence in all major metropolitan markets of the nation.The company has been banking on growth opportunities and apart from this latest storage facility, the company opened another facility in the nearby area a year ago — Public Storage 3460 SW 8th Street, Miami FL 33135.Not only in Florida, the company has, in fact, hinged upon strategic acquisitions and expansion efforts to fortify its presence in other key cities. Also, rate hike adds to its woes.As such, shares of Public Storage have underperformed the industry it belongs to, in the past six months. This Zacks Rank #3 (Hold) company’s shares have logged in a gain of 2.2%, while the industry has rallied 6.4% during the same time period.Stocks to ConsiderA few better-ranked stocks from the REIT space are Innovative Industrial Properties, Inc. IIPR, Park Hotels & Resorts Inc. PK and W. P. Carey Inc. WPC. While Innovative Industrial Properties flaunts a Zacks Rank #1 (Strong Buy), Park Hotels and W. P. Carey carry a Zacks Rank of 2 (Buy).

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Monday, September 24


News

Public Storage Adds New Storage Units in Deerfield Beach, Florida

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The new Public Storage at 39 SE 1st St., Deerfield Beach, FL 33441 offers more than 1,300 spaces, from indoor, climate-controlled units to convenient drive-up outdoor storage. “This is a modern self-storage location in a growing, attractive area for people,” Senior Vice President Tim Stanley said of the company’s fourth location in town. Public Storage and its construction partner built the handsome four-story building near City Hall from the ground up with the goal of enhancing the neighborhood. It offers a tan exterior, traditional eaves, and Public Storage Orange awnings that replicate classic Bermuda shutters popular in the area. South Florida is experiencing double-digit population growth, and residents in the area are feeling the squeeze with slower commutes every year.

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Sunday, September 23


News

Institutional Investors Are Dumping Public Storage (NYSE:PSA)

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Public Storage (NYSE:PSA) institutional sentiment decreased to 0.96 in Q2 2018. The funds in our partner’s database now have: 139.00 million shares, down from 140.31 million shares in 2018Q1. Also, the number of funds holding Public Storage in their top 10 equity positions decreased from 10 to 9 for a decrease of 1. Sold All: 36 Reduced: 199 Increased: 167 New Position: 59. The firm 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.

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Saturday, September 22


News

Public Storage (PSA) EPS Estimated At $2.68

PSA

Analysts expect Public Storage (NYSE:PSA) to report $2.68 EPS on October, 24.They anticipate $0.07 EPS change or 2.68 % from last quarter’s $2.61 EPS. PSA’s profit would be $467.58 million giving it 19.05 P/E if the $2.68 EPS is correct. Public Storage (NYSE:PSA) has risen 1.06% since September 22, 2017 and is uptrending. Among 5 analysts covering Public Storage (NYSE:PSA), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive.

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Tuesday, September 18


News

Expansion Efforts Aid Public Storage (PSA): Should You Hold?

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Further, the company has been undertaking acquisitions to derive maximum return from this positive market trend. However, there is a development boom of self-storage units in many markets. This is likely to heighten competition for the company.One of the largest owner and operator of storage facilities in the United States, Public Storage has an extensive presence in all major metropolitan cities. In addition, the Public Storage brand provides a competitive edge to the company over other industry competitors.Moreover, the company has been capitalizing on growth opportunities, through series of acquisitions and developments. Though this is encouraging, it results in operational risks and exposes the company to rising construction costs, entitlement delays and failure to fulfill government requirements. As of Jun 30, 2018, the company had several facilities in development (2.2 million net rentable square feet), with an estimated cost of $315 million, as well as expansion projects (3.9 million net rentable square feet) worth roughly $364 million.

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Monday, September 03


News

Self-storage & Moving Services - Global Market Outlook to 2022 featuring Key Vendors: Big Yellow, CubeSmart, Life Storage, Public Storage, and Safestore - ResearchAndMarkets.com

PSA SAFE

Self-storage & Moving Services - Global Market Outlook to 2022 featuring Key Vendors: Big Yellow, CubeSmart, Life Storage, Public Storage, and Safestore - ResearchAndMarkets.com. The report has been prepared based on an in-depth market analysis with inputs from industry experts. There is a growing demand for storage and moving services to shift and relocate customers into new houses in these countries. Further, the report states that one of the major factors hindering the growth of this market is the steep competition in the highly fragmented market in developed countries and lack of adoption in emerging economies. Since customers prefer to store their goods within a five-mile radius, established vendors have to face stiff competition from local and regional operators.

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