Public Storage SVP Sells $3,072,650 in Stock (PSA)
Public Storage (NYSE:PSA) SVP David F. Doll sold 17,500 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $175.58, for a total value of $3,072,650.00. Following the completion of the transaction, the senior vice president now directly owns 38,235 shares of the company’s stock, valued at approximately $6,713,301. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Public Storage (NYSE:PSA) traded up 0.43% on Tuesday, hitting $176.47. The stock had a trading volume of 307,745 shares. Public Storage has a 52-week low of $147.14 and a 52-week high of $177.16. The stock has a 50-day moving average of $173.0 and a 200-day moving average of $170.2. The company has a market cap of $30.466 billion and a price-to-earnings ratio of 35.01.
Public Storage (NYSE:PSA) last announced its 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 $7.99 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 3.17%. The ex-dividend date of this dividend is Thursday, September 11th.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus 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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