Regulatory Filing: Public Storage (PSA) Stock Value Declined While Cornerstone Real Estate Advisers LLC Has Decreased by $4.14 Million Its Position

Cornerstone Real Estate Advisers Llc decreased its stake in Public Storage (PSA) by 30.27% based on its latest 2016Q2 regulatory filing with the SEC. Cornerstone Real Estate Advisers Llc sold 16,237 shares as the company’s stock declined 7.23% while stock markets rallied. The institutional investor held 37,408 shares of the real estate investment trusts company at the end of 2016Q2, valued at $9.56 million, down from 53,645 at the end of the previous reported quarter. Cornerstone Real Estate Advisers Llc who had been investing in Public Storage for a number of months, seems to be less bullish one the $34.91 billion market cap company. The stock closed at $201.93 during the last session. It is down 23.16% since April 20, 2016 and is downtrending. It has underperformed by 27.71% the S&P500.