Nisa Investment Advisors LLC's holdings in Life Storage were worth $430,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.
Mizuho Financial Group Inc holds 99.7% of its portfolio in BlackRock, Inc. for 3.07 million shares. Guardian Life Insurance Co. of America boosted its stake in Public Storage by 0.9% in the first quarter. Its investment was valued at $89,948,000 a decrease of 5.4% according to the filing. Massachusetts Financial Services Co. Pensionfund Sabic raised its stake in Public Storage by 12.8% in the first quarter. Bahl & Gaynor Inc now owns 87,468 shares valued at $18,240,000. Morgan Stanley boosted its position in Public Storage by 16.3% in the first quarter. Goldman Sachs Group has an ownership of 2,647,175 stocks of the real estate investment trust's shares valued at $217,386,000 after scooping up an extra 580,486 shares through out the previous quarter, State Street raised its stake in Life Storage by 1.0% in the Q1. Finally, CENTRAL TRUST Co increased its position in Public Storage by 41.3% in the second quarter. MA now owns 1,466,964 shares of the real estate investment trust's stock valued at $120,467,000 after buying an additional 491,689 shares during the period.
Shares of Public Storage (PSA) traded down 1.01% during mid-day trading on Friday, hitting $198.63.
Traders purchased shares of Public Storage (NYSE:PSA) on weakness during trading on Tuesday after Argus lowered their price target on the stock from $260.00 to $250.00. The firm has a market cap of $34.61 billion, a price-to-earnings ratio of 28.38 and a beta of 0.41. Life Storage has a 1-year low of $69.00 and a 1-year high of $95.05. The stock has a 50-day moving average of $206.11 and a 200 day moving average of $215.33. The real estate investment trust reported $1.33 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.35 by $0.02. Life Storage's revenue for the quarter was up 24.1% on a year-over-year basis. Life Storage had a return on equity of 2.56% and a net margin of 10.28%. The business's revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 earnings per share. On average, equities analysts anticipate that Life Storage will post $2.21 earnings per share for the current fiscal year. Additionally Public Storage recently announced a dividend for shareholders which will be paid on Thursday the 28th of September 2017. Investors of record on Monday, July 17th were issued a dividend of $1.00 per share. More interesting news about Public Storage (NYSE:PSA) was released by: Chron.com and their article: "Public Storage opens new self-storage facility in Humble" with publication date: July 26, 2017.
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A number of equities research analysts have weighed in on the company. Finally, Jefferies Group LLC reissued a "hold" rating and issued a $222.00 price objective on shares of Public Storage in a research report on Friday, July 14th. Barclays PLC boosted their target price on shares of Public Storage from $222.00 to $224.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 19th. On July 19 Barclays kept the company rating at "Equalweight" and raised the price expectation from $218.00 to $254.00. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Zacks Investment Research raised Public Storage from a "sell" rating to a "hold" rating in a research note on Tuesday, July 4th. The shares were sold at an average price of $207.11, for a total value of $12,426,600.00. Also, insider John Reyes sold 60,000 shares of the company's stock in a transaction that occurred on Tuesday, June 13th. The average 1-year target price among analysts that have covered the stock in the last year is $85.00. The disclosure for this purchase can be found here. It invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities.
Life Storage, Inc, formerly Sovran Self Storage, Inc, is a self-administered and self-managed real estate company.