Public Storage (PSA) Holder Lasalle Investment Management Securities Has Trimmed Position; As Bjs Restaurants (BJRI) Valuation Rose, Armistice Capital Has Lifted by $5.76 Million Its Position

February 15, 2018 - By Ellis Scott

Lasalle Investment Management Securities Llc decreased its stake in Public Storage (PSA) by 13.36% based on its latest 2017Q3 regulatory filing with the SEC. Lasalle Investment Management Securities Llc sold 195,845 shares as the company’s stock declined 5.00% while stock markets rallied. The institutional investor held 1.27M shares of the real estate investment trusts company at the end of 2017Q3, valued at $271.70 million, down from 1.47 million 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 less bullish one the $33.09 billion market cap company. The stock increased 1.79% or $3.35 during the last trading session, reaching $190.12. About 420,947 shares traded. Public Storage (NYSE:PSA) has declined 14.14% since February 15, 2017 and is downtrending. It has underperformed by 30.84% the S&P500.

Armistice Capital Llc increased its stake in Bjs Restaurants Inc (BJRI) by 177.78% based on its latest 2017Q3 regulatory filing with the SEC. Armistice Capital Llc bought 192,000 shares as the company’s stock rose 25.34% with the market. The institutional investor held 300,000 shares of the consumer services company at the end of 2017Q3, valued at $9.14M, up from 108,000 at the end of the previous reported quarter. Armistice Capital Llc who had been investing in Bjs Restaurants Inc for a number of months, seems to be bullish on the $804.70M market cap company. The stock increased 3.72% or $1.4 during the last trading session, reaching $39. About 287,818 shares traded. BJ's Restaurants, Inc. (NASDAQ:BJRI) has risen 9.69% since February 15, 2017 and is uptrending. It has underperformed by 7.01% the S&P500.

Among 17 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 6 Sell and 9 Hold. Therefore 12% are positive. Public Storage had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird initiated it with “Neutral” rating and $212 target in Thursday, July 23 report. Evercore maintained Public Storage (NYSE:PSA) rating on Tuesday, September 8. Evercore has “Hold” rating and $204 target. The stock has “Sell” rating by Goldman Sachs on Monday, April 25. The firm has “Sector Perform” rating given on Wednesday, May 11 by RBC Capital Markets. The stock of Public Storage (NYSE:PSA) earned “Buy” rating by Argus Research on Tuesday, August 1. The firm earned “Outperform” rating on Friday, September 4 by Raymond James. The company was maintained on Friday, July 14 by Jefferies. Jefferies maintained it with “Hold” rating and $22300 target in Monday, July 24 report. The stock has “Hold” rating by Robert W. Baird on Monday, October 16. The stock of Public Storage (NYSE:PSA) earned “Neutral” rating by Bank of America on Thursday, August 11.

Analysts await Public Storage (NYSE:PSA) to report earnings on February, 28. They expect $2.71 earnings per share, up 2.26% or $0.06 from last year’s $2.65 per share. PSA’s profit will be $471.67 million for 17.54 P/E if the $2.71 EPS becomes a reality. After $2.61 actual earnings per share reported by Public Storage for the previous quarter, Wall Street now forecasts 3.83% EPS growth.

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.48, from 1.67 in 2017Q2. It dropped, as 26 investors sold BJRI shares while 42 reduced holdings. 22 funds opened positions while 59 raised stakes. 16.45 million shares or 10.69% less from 18.42 million shares in 2017Q2 were reported. Pacad, a British Columbia – Canada-based fund reported 4,003 shares. 89,010 were reported by Morgan Stanley. State Street Corporation holds 501,151 shares or 0% of its portfolio. Bessemer Group holds 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI) or 36,800 shares. Arizona State Retirement System reported 9,646 shares or 0% of all its holdings. Axa reported 11,200 shares. Matarin Cap Mgmt Ltd Liability owns 197,052 shares or 0.51% of their US portfolio. Hbk Investments Lp stated it has 0.01% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Pub Employees Retirement Association Of Colorado invested 0% in BJ's Restaurants, Inc. (NASDAQ:BJRI). Bnp Paribas Arbitrage invested in 0% or 13,493 shares. Goldman Sachs Group Incorporated invested 0% of its portfolio in BJ's Restaurants, Inc. (NASDAQ:BJRI). Boston Ptnrs accumulated 41,709 shares or 0% of the stock. Great West Life Assurance Commerce Can has 0% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI) for 27,137 shares. Renaissance Technology Limited Liability Company invested in 305,900 shares or 0.01% of the stock. Moreover, Verition Fund Mngmt Lc has 0.02% invested in BJ's Restaurants, Inc. (NASDAQ:BJRI) for 8,353 shares.

Among 10 analysts covering BJ’s Restaurants (NASDAQ:BJRI), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. BJ’s Restaurants had 33 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, July 28 by Wedbush. The stock has “Outperform” rating by Wedbush on Friday, February 19. The rating was maintained by Wedbush with “Neutral” on Thursday, October 20. Morgan Stanley upgraded the shares of BJRI in report on Wednesday, September 16 to “Equal Weight” rating. The firm has “Sell” rating given on Thursday, October 20 by Stifel Nicolaus. Robert W. Baird maintained it with “Hold” rating and $38.0 target in Tuesday, January 2 report. The stock of BJ's Restaurants, Inc. (NASDAQ:BJRI) has “Underweight” rating given on Friday, October 23 by Barclays Capital. The firm has “Sell” rating by Stifel Nicolaus given on Tuesday, July 26. The firm earned “Hold” rating on Tuesday, October 10 by Jefferies. As per Thursday, October 20, the company rating was maintained by Barclays Capital.

Armistice Capital Llc, which manages about $848.92M US Long portfolio, decreased its stake in Hanesbrands Inc (NYSE:HBI) by 176,000 shares to 424,000 shares, valued at $10.45 million in 2017Q3, according to the filing. It also reduced its holding in Adamas Pharmaceuticals Inc (NASDAQ:ADMS) by 408,000 shares in the quarter, leaving it with 750,000 shares, and cut its stake in Momenta Pharmaceuticals Inc (NASDAQ:MNTA).

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