Shares of Public Storage (NYSE:PSA) have earned a consensus rating of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $210.25.

Several equities analysts have recently weighed in on the company. Robert W. Baird cut Public Storage from a “neutral” rating to an “underperform” rating and set a $205.00 price target for the company. in a research report on Tuesday, November 28th. Barclays reissued a “hold” rating and issued a $207.00 target price on shares of Public Storage in a research note on Thursday, October 19th. BMO Capital Markets started coverage on Public Storage in a research note on Monday, September 11th. They issued an “underperform” rating and a $193.00 target price for the company. B. Riley set a $220.00 price target on Public Storage and gave the company a “hold” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded Public Storage from a “sell” rating to a “hold” rating in a research note on Friday, September 15th.

In other Public Storage news, insider John Reyes sold 60,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $212.24, for a total transaction of $12,734,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.42% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of PSA. Bessemer Group Inc. purchased a new stake in Public Storage during the second quarter worth about $105,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Public Storage by 15.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 566 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 75 shares during the last quarter. Johnson Financial Group Inc. raised its position in shares of Public Storage by 274.4% in the second quarter. Johnson Financial Group Inc. now owns 614 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 450 shares during the last quarter. Cable Hill Partners LLC raised its position in shares of Public Storage by 139.9% in the third quarter. Cable Hill Partners LLC now owns 787 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 459 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of Public Storage by 23.8% in the second quarter. D.A. Davidson & CO. now owns 885 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 170 shares during the last quarter. 80.91% of the stock is currently owned by institutional investors.

Shares of Public Storage (NYSE PSA) traded up $0.75 during trading on Thursday, reaching $211.80. The company had a trading volume of 821,400 shares, compared to its average volume of 851,918. The company has a market capitalization of $36,731.36, a price-to-earnings ratio of 21.30, a P/E/G ratio of 4.53 and a beta of 0.43. Public Storage has a 1-year low of $192.15 and a 1-year high of $232.21.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be issued a dividend of $2.00 per share. The ex-dividend date is Tuesday, December 12th. This represents a $8.00 dividend on an annualized basis and a yield of 3.78%. Public Storage’s dividend payout ratio (DPR) is presently 116.79%.

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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.

Analyst Recommendations for Public Storage (NYSE:PSA)

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