Public Storage (NYSE:PSA) Position Decreased by Renaissance Technologies LLC

Norges Bank bought 304,594 shares in the previous quarter increasing its stake in Public Storage (PSA) by 63.4%. In the last earnings report the EPS was $7.01 and is projected to be $7.09 for the current year with 174,002,000 shares now outstanding.

A number of institutional investors have recently modified their holdings of LSI. Nationwide Fund Advisors boosted its position in Public Storage by 2.1% in the first quarter. Creative Planning now owns 2,410 shares of the real estate investment trust's stock valued at $198,000 after buying an additional 60 shares during the last quarter.

Sumitomo Mitsui Asset Management Company cut its position in stocks of Life Storage, (NYSE:LSI) by 4.0% through out the Fiscal Q2, based on the latest document with the SEC. Capstone Asset Management Co. now owns 5,483 shares of the real estate investment trust's stock valued at $450,000 after buying an additional 460 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Public Storage by 0.5% in the first quarter. Louisiana State Employees Retirement System increased its stake in shares of Life Storage by 3.4% in the second quarter. BB&T Securities LLC now owns 7,089 shares of the real estate investment trust's stock worth $525,000 after buying an additional 228 shares in the last quarter. Vanguard Group Inc. now owns 21,494,458 shares of the real estate investment trust's stock valued at $1,598,973,000 after buying an additional 411,415 shares in the last quarter. Insiders own 14.42% of the company's stock.

Public Storage (PSA) opened at 200.65 on Friday. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Public Storage has a one year low of $192.15 and a one year high of $233.39. The firm has a 50-day moving average of $206.11 and a 200 day moving average of $215.33.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.54 by $0.95. Life Storage had a net margin of 10.28% and a return on equity of 2.56%. During the same period in the prior year, the firm posted $1.32 EPS. The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $2.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Tuesday, September 12th. Public Storage's dividend payout ratio is now 113.96%.

WARNING: This news story was originally posted by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another site, it was stolen and republished in violation of U.S. and global copyright & trademark laws. The legal version of this news story can be read at Research firm Zacks lifted Life Storage from a "sell" recommendation to a "hold" recommendation in a analysis report on Saturday, Jun 3rd. BidaskClub upgraded Public Storage from a "strong sell" rating to a "sell" rating in a report on Friday, June 16th. Zacks Investment Research cut Life Storage from a "hold" rating to a "sell" rating in a research note on Monday, April 24th.

On July 18 Barclays made no change to the company rating of "Equal-Weight" and lowered the price expectation to $209.00 from $254.00. Jefferies Group LLC restated a "hold" rating and set a $80.00 target price on shares of Life Storage in a report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company.

Life Storage, Inc. (NYSE:LSI) has earned an average recommendation of "Hold" from the seventeen analysts that are covering the stock, Marketbeat reports. The shares were sold at an average price of $207.11, for a total value of $12,426,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

In other Life Storage news, insider Paul T. Powell bought 700 shares of the business's stock in a transaction on Tuesday, May 9th. The shares were acquired at an average cost of $200.59 per share, with a total value of $401,180.00.

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