Insider Selling: Public Storage Director Sells 25,000 Shares of Stock (PSA)
Public Storage (NYSE:PSA) Director Ronald P. Spogli unloaded 25,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $175.78, for a total value of $4,394,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on PSA. 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 assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $173.27.
Public Storage (NYSE:PSA) traded down 0.15% on Thursday, hitting $175.46. The stock had a trading volume of 602,138 shares. Public Storage has a one year low of $147.14 and a one year high of $176.89. The stock has a 50-day moving average of $172.6 and a 200-day moving average of $169.6. The company has a market cap of $30.291 billion and a price-to-earnings ratio of 35.01.
Public Storage (NYSE:PSA) last posted its quarterly 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. 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. Stockholders 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 3.19%. The ex-dividend date is Thursday, September 11th.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
Receive News & Ratings for Public Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Storage and related companies with Analyst Ratings Network's FREE daily email newsletter.