Public Storage (NYSE:PSA) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 5,972,800 shares, an increase of 6.1% from the June 15th total of 5,631,800 shares. Based on an average daily volume of 761,300 shares, the short-interest ratio is presently 7.8 days. Currently, 4.0% of the shares of the company are short sold.

Several analysts recently weighed in on the company. Barclays set a €45.00 ($52.33) price target on Zalando and gave the stock a “buy” rating in a report on Tuesday, April 16th. Jefferies Financial Group reissued a “hold” rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Bank of America set a $224.00 price target on Facebook and gave the stock a “buy” rating in a report on Friday, July 19th. ValuEngine cut Verso from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Finally, Argus lifted their price target on Public Storage to $240.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $218.39.

NYSE:PSA traded up $0.35 during mid-day trading on Tuesday, hitting $243.10. 916,063 shares of the stock were exchanged, compared to its average volume of 838,114. The stock has a market cap of $41.79 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 5.66 and a beta of 0.17. The stock’s 50-day moving average price is $243.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.58 and a quick ratio of 0.58. Public Storage has a fifty-two week low of $193.89 and a fifty-two week high of $251.28.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $1.73 EPS for the quarter, missing the Zacks’ consensus estimate of $2.52 by ($0.79). Public Storage had a return on equity of 34.73% and a net margin of 62.54%. The company had revenue of $689.00 million for the quarter, compared to the consensus estimate of $685.75 million. During the same quarter last year, the business earned $2.48 EPS. Public Storage’s revenue was up 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Public Storage will post 10.73 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its stake in Public Storage by 13.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 56,839 shares of the real estate investment trust’s stock worth $13,537,000 after acquiring an additional 6,834 shares during the period. Mid Atlantic Financial Management Inc. ADV increased its stake in shares of Public Storage by 28.4% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 1,596 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 353 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Public Storage by 9.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,292 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 113 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Public Storage by 3.3% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,883 shares of the real estate investment trust’s stock valued at $4,548,000 after purchasing an additional 664 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in shares of Public Storage by 0.4% in the 1st quarter. Shell Asset Management Co. now owns 65,369 shares of the real estate investment trust’s stock valued at $14,236,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At March 31, 2019, we had: (i) interests in 2,444 self-storage facilities located in 38 states with approximately 164 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 231 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at March 31, 2019.

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