Insider Selling: Candace N. Krol Unloads 10,000 Shares of Public Storage Stock (PSA)
Public Storage (NYSE:PSA) VP Candace N. Krol sold 10,000 shares of Public Storage stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $175.61, for a total transaction of $1,756,100.00. Following the transaction, the vice president now directly owns 37,008 shares in the company, valued at approximately $6,498,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Public Storage (NYSE:PSA) traded up 1.08% during mid-day trading on Wednesday, hitting $175.72. 447,036 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 has a 50-day moving average of $172.4 and a 200-day moving average of $169.6. The company has a market cap of $30.336 billion and a price-to-earnings ratio of 34.64.
Public Storage (NYSE:PSA) last released its earnings data 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. Analysts expect that Public Storage will post $7.98 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 3.22%. The ex-dividend date of this dividend 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Public Storage has a consensus rating of “Hold” and an average target price of $173.27.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
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