Public Storage
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Large Cap BlendCompany profile

Public Storage is a real estate investment trust (REIT). The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. The Company's segments include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe. As of December 31, 2016, the Company had direct and indirect equity interests in 2,348 self-storage facilities (with approximately 154 million net rentable square feet) located in 38 states in the United States operating under the Public Storage name.

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Apple target cut at Canaccord amid 'soft smartphone and overall iPhone demand'

8:58 am ET November 29, 2018 (MarketWatch)

Canaccord Genuity analyst T. Michael Walkley lowered his price target on Apple Inc. (AAPL) shares to $225 from $250 on Thursday, after a recent Canaccord consumer survey suggested "soft smartphone and overall iPhone demand" as well as "disappointing initial iPhone XR sales." The survey found that Apple still "maintained strong share of U.S. smartphone sales" across the carriers. Walkley continues to believe that Apple will grow its installed base and monetize it well through services, but he forecasts a year-over-year drop in iPhone units for calendar 2019. Apple shares are up 0.9% in premarket trading Thursday following a Cnet report from the prior afternoon in which an Apple executive said that the iPhone XR has been the company's best-selling model ( in each day since its late-October launch. Apple's stock has fallen 19% over the past three months, while the Dow Jones Industrial Average has slipped 2.9%.

-Emily Bary; 415-439-6400;

(END) Dow Jones Newswires

November 29, 2018 08:58 ET (13:58 GMT)

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