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Public Storage (NYSE:PSA) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the company, AnalystRatingsNetwork reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $173.27.

In other Public Storage news, Director Ronald P. Spogli sold 25,000 shares of the company’s stock on the open market 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 Securities & Exchange Commission, which can be accessed through this link.

Shares of Public Storage (NYSE:PSA) opened at 175.72 on Tuesday. Public Storage has a 52-week low of $147.14 and a 52-week high of $176.89. The stock has a 50-day moving average of $172.9 and a 200-day moving average of $170.0. The company has a market cap of $30.336 billion and a price-to-earnings ratio of 35.01.

Public Storage (NYSE:PSA) last released its 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 $7.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors 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 3.19%. The ex-dividend date of this dividend is Thursday, September 11th.

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.

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

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