Public Storage SVP David Doll Unloads 30,000 Shares (PSA)
Public Storage (NYSE:PSA) SVP David Doll sold 30,000 shares of Public Storage stock on the open market in a transaction dated Friday, September 6th. The stock was sold at an average price of $153.57, for a total transaction of $4,607,100.00. Following the transaction, the senior vice president now directly owns 28,975 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Macquarie initiated coverage on shares of Public Storage (NYSE:PSA) in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Public Storage (NYSE:PSA) in a research note to investors on Thursday, September 5th. They now have a $160.00 price target on the stock, down previously from $165.00. Finally, analysts at RBC Capital upgraded shares of Public Storage (NYSE:PSA) from an “underperform” rating to a “sector perform” rating in a research note to investors on Monday, August 19th. They now have a $160.00 price target on the stock, up previously from $158.00.
Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Public Storage currently has an average rating of “Hold” and an average price target of $160.64.
Public Storage (NYSE:PSA) traded up 0.62% on Tuesday, hitting $157.87. The stock had a trading volume of 494,780 shares. Public Storage has a 52 week low of $135.07 and a 52 week high of $168.66. The stock has a 50-day moving average of $157.7 and a 200-day moving average of $156.3. The company has a market cap of $27.155 billion and a price-to-earnings ratio of 34.55.
Public Storage (NYSE:PSA) last posted its quarterly earnings results on Friday, August 2nd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.03. The company had revenue of $485.38 million for the quarter, compared to the consensus estimate of $452.22 million. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Public Storage will post $7.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, September 11th.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
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