Group Raises Stake in Storage Equities
- Share via
An investor group led by Storage Equities Inc. Chairman B. Wayne Hughes raised its stake in Storage Equities to 7.2% of its total stock from 6.8%.
Storage Equities, a real estate investment trust that invests in self-storage facilities, is an affiliate of Public Storage Inc., a major operator of self-storage sites. Both companies are based in Glendale, and Hughes is also chairman of Public Storage.
In a filing with the Securities and Exchange Commission, the Hughes group said it bought an additional 50,050 Storage Equities shares between Oct. 1 and Oct. 22 for $6.37 to $7.12 a share. The group now owns 882,061 of the company’s 12.3 million total shares outstanding.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
