The Fort Pitt Capital Group LLC Purchases New Stake in Public Storage

Marco Green
June 24, 2017

Western Union Co now has $8.82B valuation. PNC Financial Services Group Inc. now owns 1,414 shares of the real estate investment trust's stock worth $116,000 after buying an additional 124 shares in the last quarter.

Shares of Public Storage (NYSE PSA) traded down 0.16% during trading on Thursday, reaching $211.97. It has outperformed by 4.12% the S&P500. (NYSE:EXR). State Board Of Administration Of Florida Retirement System reported 0.04% stake. EXR's SI was 9.62 million shares in June as released by FINRA. Extra Space Storage, Inc.

The stock decreased 0.26% or $0.2 on June 21, reaching $78.09. Moreover, Nuveen Asset Mgmt Ltd has 0.19% invested in Extra Space Storage, Inc. Public Storage (NYSE:PSA) has declined 14.14% since June 23, 2016 and is downtrending. It has underperformed by 31.47% the S&P500.

Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Therefore 36% are positive. Public Storage had 41 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Friday, August 28 by Zacks. (NYSE:EXR) earned "Buy" rating by Jefferies on Wednesday, August 10. Evercore ISI cut Public Storage from a "hold" rating to an "underperform" rating in a research note on Friday, March 3rd. Mn Services Vermogensbeheer B.V. now owns 3,359 shares of the real estate investment trust's stock valued at $234,000 after buying an additional 150 shares during the last quarter. BMO Capital Markets has "Outperform" rating and $85 target. Following the acquisition, the insider now owns 44,296 shares of the company's stock, valued at approximately $3,235,379.84. Cantor Fitzgerald reissued a "hold" rating and issued a $222.00 target price on shares of Public Storage in a research note on Monday, March 20th. The rating was maintained by DA Davidson on Friday, July 29 with "Neutral". The stock of Public Storage (NYSE:PSA) has "Mkt Perform" rating given on Thursday, January 7 by Raymond James. (NYSE:EXR) was sold by OVERTURF JAMES on Thursday, June 8.

In order to tell which way a stock is trending, the stock's share price should be compared to its moving average.

12/13/2016 - Extra Space Storage Inc was downgraded to "underweight" by analysts at Morgan Stanley. The company has a market capitalization of $3.55 billion, a P/E ratio of 45.011 and a beta of 0.56.

In other Life Storage news, insider Paul T. Powell bought 700 shares of the stock in a transaction that occurred on Tuesday, May 9th. It has a 13.47 P/E ratio.

Quadrant Capital Group LLC increased its stake in Public Storage by 0.5% in the first quarter. Its down 0.09, from 0.89 in 2016Q3. Brown Advisory Inc. increased its stake in Extra Space Storage by 0.3% in the fourth quarter. Nationwide Fund Advisors increased its stake in Public Storage by 2.1% in the first quarter. 492.17 million shares or 0.39% more from 490.24 million shares in 2016Q3 were reported. Its primary assets are general partner and limited partner interests in the Operating Partnership. Commonwealth Financial Bank Of Aus invested 0% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR). Toronto Dominion Commercial Bank stated it has 21,694 shares or 0% of all its holdings. (NYSE:EXR). Dekabank Deutsche Girozentrale accumulated 4,556 shares. Thrivent For Lutherans accumulated 59,700 shares.

07/23/2015 - Robert W. Baird began new coverage on Extra Space Storage Inc giving the company a "outperform" rating. (NYSE:EXR). The Massachusetts-based Rhumbline Advisers has invested 0.05% in Extra Space Storage, Inc. (NYSE:WGO). Parkside Bancshares And accumulated 18 shares or 0% of the stock. Amp Capital Ltd has 310,131 shares for 0.04% of their portfolio. 26,000 were reported by Spirit Of America Mgmt Ny. Laffer Invs invested in 0% or 76,785 shares. (NYSE:EXR) for 12,643 shares. Qs Limited Liability Corp reported 138,127 shares. Brown Advisory reported 0% of its portfolio in Extra Space Storage, Inc. (NYSE:EXR) for 771 shares.

Since February 10, 2017, it had 0 buys, and 5 sales for $2.31 million activity. (NYSE:LSI) have been given a consensus rating of "Hold" by the fifteen research firms that are covering the firm, MarketBeat reports. Therefore 0 are positive. The real estate investment trust reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.27 by $0.01. The rating was maintained by Argus Research with "Buy" on Wednesday, January 27. (NYSE:EXR) earned "Underweight" rating by BB&T Capital on Wednesday, November 11. RBC Capital Markets has "Sector Perform" rating and $58 target. The company was downgraded on Tuesday, January 26 by Barclays Capital. The firm has "Buy" rating given on Tuesday, August 25 by Vetr. The firm has "Hold" rating given on Tuesday, December 20 by Jefferies. The stock of The Western Union Company (NYSE:WU) has "Negative" rating given on Monday, September 19 by Susquehanna. Evercore has "Hold" rating and $204 target. Cowen & Co maintained the shares of YUM in report on Wednesday, April 26 with "Outperform" rating. Vetr has "Strong-Buy" rating and $54.70 target.

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