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Public Storage (NYSE:PSA) Director Ronald P. Spogli unloaded 25,000 shares of Public Storage stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $175.78, for a total transaction of $4,394,500.00. The sale was disclosed in a filing with the SEC, 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. 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. 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $173.27.

Public Storage (NYSE:PSA) opened at 175.01 on Monday. Public Storage has a 1-year low of $147.14 and a 1-year high of $176.89. The stock has a 50-day moving average of $172.8 and a 200-day moving average of $169.8. The company has a market cap of $30.214 billion and a price-to-earnings ratio of 34.96.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.99 earnings per share for the quarter, beating the analysts’ 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 declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 11th.

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

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