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Public Storage (NYSE:PSA) declared a quarterly dividend on Monday, August 4th, Stock Ratings News reports. Stockholders of record on Monday, September 15th will be given a dividend of 1.40 per share on Tuesday, September 30th. This represents a $5.60 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 11th.

Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Public Storage from $175.00 to $182.00 in a research note on Tuesday, July 22nd. On a related note, analysts at Barclays raised their price target on shares of Public Storage from $201.00 to $206.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Public Storage in a research note on Tuesday, July 8th. They now have a $179.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $173.75.

Public Storage (NYSE:PSA) traded up 0.02% on Monday, hitting $172.74. The stock had a trading volume of 418,168 shares. Public Storage has a 52 week low of $147.14 and a 52 week high of $176.72. The stock’s 50-day moving average is $171.9 and its 200-day moving average is $168.5. The company has a market cap of $29.804 billion and a P/E ratio of 34.82.

Public Storage (NYSE:PSA) last announced its earnings results on Thursday, July 31st. The company reported $1.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.96 by $0.03. On average, analysts predict that Public Storage will post $7.96 earnings per share for the current fiscal year.

Public Storage (NYSE:PSA) is a real estate investment trust (REIT).

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