Public Storage (PSA) Position Maintained by Lasalle Investment Management Securities Llc

May 26, 2018 - By Maria Brooks

Public Storage (NYSE:PSA) Logo

Lasalle Investment Management Securities Llc increased its stake in Public Storage (PSA) by 32.15% based on its latest 2017Q4 regulatory filing with the SEC. Lasalle Investment Management Securities Llc bought 408,263 shares as the company’s stock declined 3.82% with the market. The institutional investor held 1.68M shares of the real estate investment trusts company at the end of 2017Q4, valued at $350.69M, up from 1.27M at the end of the previous reported quarter. Lasalle Investment Management Securities Llc who had been investing in Public Storage for a number of months, seems to be bullish on the $36.37B market cap company. The stock increased 0.65% or $1.35 during the last trading session, reaching $208.49. About 439,672 shares traded. Public Storage (NYSE:PSA) has declined 10.33% since May 26, 2017 and is downtrending. It has underperformed by 21.88% the S&P500.

Lasalle Investment Management Securities Llc, which manages about $6.05 billion US Long portfolio, decreased its stake in Crown Castle Intl Corp (NYSE:CCI) by 183,075 shares to 1.28 million shares, valued at $142.25 million in 2017Q4, according to the filing. It also reduced its holding in National Retail Properties Inc (NYSE:NNN) by 263,615 shares in the quarter, leaving it with 2.77 million shares, and cut its stake in Paramount Group Inc.

Another recent and important Public Storage (NYSE:PSA) news was published by Seekingalpha.com which published an article titled: “Public Storage’s (PSA) CEO Joe Russell on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018.

Public Storage (NYSE:PSA) Ratings Coverage

Among 10 analysts covering Public Storage (NYSE:PSA), 0 have Buy rating, 4 Sell and 6 Hold. Therefore 0 are positive. Public Storage had 14 analyst reports since November 28, 2017 according to SRatingsIntel. The firm has “Underperform” rating by Bank of America given on Monday, December 4. As per Monday, March 5, the company rating was upgraded by Evercore. On Tuesday, January 9 the stock rating was maintained by BMO Capital Markets with “Sell”. The stock of Public Storage (NYSE:PSA) earned “Hold” rating by Jefferies on Monday, March 5. The firm earned “Underweight” rating on Thursday, March 15 by KeyBanc Capital Markets. On Tuesday, February 27 the stock rating was upgraded by Bank of America to “Neutral”. Morgan Stanley downgraded Public Storage (NYSE:PSA) on Wednesday, December 13 to “Sell” rating. On Thursday, March 1 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Hold” rating on Wednesday, April 25 by Jefferies. The rating was maintained by Jefferies with “Hold” on Monday, November 27.

Public Storage (NYSE:PSA) Institutional Positions Chart

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