Public Storage VP Candace N. Krol Sells 14,282 Shares (PSA)
Public Storage (NYSE:PSA) VP Candace N. Krol sold 14,282 shares of Public Storage stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $172.72, for a total value of $2,466,787.04. Following the sale, the vice president now directly owns 37,008 shares of the company’s stock, valued at approximately $6,392,022. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Public Storage (NYSE:PSA) traded up 0.20% during mid-day trading on Friday, hitting $172.64. 227,224 shares of the company’s stock traded hands. Public Storage has a one year low of $147.14 and a one year high of $176.72. The stock’s 50-day moving average is $172. and its 200-day moving average is $169.0. The company has a market cap of $29.805 billion and a P/E ratio of 34.33.
Public Storage (NYSE:PSA) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.03. Analysts expect that Public Storage will post $7.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, September 11th.
PSA has been the subject of a number of recent research reports. 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. Separately, 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 SunTrust raised their price target on shares of Public Storage from $165.00 to $178.00 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $173.27.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
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