Public Storage (NYSE:PSA) – Analysts at KeyCorp issued their Q4 2017 earnings per share (EPS) estimates for Public Storage in a note issued to investors on Tuesday. KeyCorp analyst T. Thomas expects that the real estate investment trust will earn $2.63 per share for the quarter. KeyCorp currently has a “Sell” rating and a $184.00 target price on the stock. KeyCorp also issued estimates for Public Storage’s FY2018 earnings at $10.60 EPS.

A number of other research analysts also recently weighed in on the company. SunTrust Banks, Inc. reiterated a “hold” rating and set a $200.00 target price on shares of Public Storage in a report on Friday, October 27th. FBR & Co set a $220.00 target price on Public Storage and gave the stock a “hold” rating in a report on Thursday, October 26th. BMO Capital Markets set a $193.00 target price on Public Storage and gave the stock a “sell” rating in a report on Thursday, October 26th. Barclays PLC reiterated a “hold” rating and set a $207.00 target price on shares of Public Storage in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded Public Storage from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $212.45.

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Several institutional investors and hedge funds have recently modified their holdings of PSA. Capital World Investors lifted its position in Public Storage by 93.3% in the 2nd quarter. Capital World Investors now owns 4,036,000 shares of the real estate investment trust’s stock valued at $841,627,000 after acquiring an additional 1,948,000 shares in the last quarter. Vanguard Group Inc. lifted its position in Public Storage by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 22,057,097 shares of the real estate investment trust’s stock valued at $4,599,567,000 after acquiring an additional 727,573 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in Public Storage by 3,791.5% in the 2nd quarter. Epoch Investment Partners Inc. now owns 641,789 shares of the real estate investment trust’s stock valued at $133,832,000 after acquiring an additional 625,297 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Public Storage by 20.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,161,559 shares of the real estate investment trust’s stock valued at $659,280,000 after acquiring an additional 537,289 shares in the last quarter. Finally, Koch Industries Inc. lifted its position in Public Storage by 49,832.6% in the 2nd quarter. Koch Industries Inc. now owns 525,291 shares of the real estate investment trust’s stock valued at $523,000 after acquiring an additional 524,239 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be given a $2.00 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.86%. Public Storage’s dividend payout ratio is currently 116.79%.

About Public Storage

Public Storage is a real estate investment trust (REIT). The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space.

Earnings History and Estimates for Public Storage (NYSE:PSA)

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