Previous 10 | Next 10 |
Summary Public Storage aims to acquire its smaller peer Life Storage in an all-stock deal. The offer is perceived as hostile, which likely means that the offer needs to be raised in order to become a success. I remain cautious on Public Storage based on valuation concerns, even as t...
Public Storage (NYSE: PSA) is already the largest real estate investment trust (REIT) focused on self-storage properties. However, it wants to supersize that portfolio by acquiring rival self-storage REIT Life Storage (NYSE: LSI) . While Life Storage has repeatedly rebuf...
Summary With PSA's most recent moves, including the increased dividend, LSI's management team will have to engage in M&A discussions. We believe that any discussions will lead to a higher valuation for LSI, especially as the deal is all-equity and taxable to LSI shareholders. Th...
There's a "strong probability" that Public Storage ( NYSE: PSA ) could "slightly" increase its unsolicited offer for Life Storage ( NYSE: LSI ), according to a Truist analyst. "While we believe a 17% premium for LSI is significant in and of itself, we think there is a strong p...
Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify U.S.-China relations on edge after spy balloon is shot down. Dell ( DELL ) to slash 6,650 jobs , ~5% of global workforce - report. After recent cuts, Tesla ( TSLA ) lifts Model Y pri...
Public Storage ( NYSE: PSA ) declares $3.00/share quarterly dividend , 50% increase from prior dividend of $2.00. Forward yield 3.89% Payable March 30; for shareholders of record March 15; ex-div March 14. See PSA Dividend Scorecard, Yield Chart, & Dividend G...
Public Storage ( NYSE: PSA ) made an unsolicited offer to buy rival Life Storage ( NYSE: LSI ) for $11 billion in an all stock deal. Under the proposed transaction, holders of Life Storage ( LSI ) would receive 0.4192 shares of Public Storage ( PSA ) of common stock fo...
Proposed Exchange Ratio of 0.4192 represents 19% VWAP premium; provides Life Storage shareholders with an immediate equity premium and ability to participate in enhanced growth, profitability, and value creation opportunities of the combined company Encourages Life Storage’s Board ...
Public Storage (NYSE:PSA) announced today that its Board of Trustees declared a 50% increase in the Company’s regular common quarterly dividend from $2.00 to $3.00 per share. The distribution equates to an annualized increase to the Company’s regular common dividend from $8.00 to $1...
Summary ICF paid quarterly dividends since its inception, generated low but consistent yield and was able to successfully generate strong returns over the long run. ICF invested only in 30 stocks and most of ICF’s equity holdings performed reasonably well during the past three mo...
News, Short Squeeze, Breakout and More Instantly...
Public Storage (NYSE:PSA) (the “Company”) announced today the appointment of Maria R. Hawthorne to its Board of Trustees, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders. Ms. Hawthorne will serve as a member of the Audit Committee. ...
Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2024 earnings results after the market close on Tuesday, July 30, 2024. A conference call is scheduled for Wednesday, July 31, 2024, at 9:00 a.m. (PT) to discuss these results. About Public Storage ...
2024-07-03 23:22:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...