Traders purchased shares of Public Storage (NYSE:PSA) on weakness during trading hours on Wednesday. $64.43 million flowed into the stock on the tick-up and $48.59 million flowed out of the stock on the tick-down, for a money net flow of $15.84 million into the stock. Of all equities tracked, Public Storage had the 26th highest net in-flow for the day. Public Storage traded down ($1.61) for the day and closed at $258.13

Several analysts recently weighed in on PSA shares. Evercore ISI downgraded Public Storage from a “hold” rating to a “sell” rating and set a $235.00 target price for the company. in a research note on Monday, March 21st. Goldman Sachs Group Inc. downgraded Public Storage from a “neutral” rating to a “sell” rating and set a $244.00 price objective for the company. in a research report on Monday, April 25th. Vetr downgraded Public Storage from a “hold” rating to a “sell” rating and set a $239.50 price objective for the company. in a research report on Monday, April 25th. Barclays PLC raised their price objective on Public Storage from $251.00 to $253.00 and gave the stock an “equal weight” rating in a research report on Monday, May 2nd. Finally, Royal Bank Of Canada raised their price objective on Public Storage from $235.00 to $243.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 11th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $240.89.

The stock has a market capitalization of $44.76 billion and a P/E ratio of 41.44. The company’s 50 day moving average is $250.08 and its 200-day moving average is $254.30.

Public Storage (NYSE:PSA) last posted its earnings results on Tuesday, April 26th. The real estate investment trust reported $2.10 EPS for the quarter, missing the consensus estimate of $2.19 by $0.09. The firm earned $611 million during the quarter, compared to the consensus estimate of $585.73 million. During the same quarter last year, the firm earned $1.94 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that Public Storage will post $9.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $1.80 dividend. This is a boost from Public Storage’s previous quarterly dividend of $1.70. This represents a $7.20 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, June 13th.

In other news, Director B Wayne Hughes, Jr. bought 22,100 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were bought at an average price of $252.42 per share, with a total value of $5,578,482.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Other large investors have added to or reduced their stakes in the company. Henderson Group PLC boosted its stake in Public Storage by 7.3% in the fourth quarter. Henderson Group PLC now owns 19,126 shares of the real estate investment trust’s stock valued at $4,738,000 after buying an additional 1,307 shares during the last quarter. TD Asset Management Inc. boosted its stake in Public Storage by 1.5% in the fourth quarter. TD Asset Management Inc. now owns 87,806 shares of the real estate investment trust’s stock valued at $21,750,000 after buying an additional 1,260 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Public Storage by 92.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 9,137 shares of the real estate investment trust’s stock valued at $2,263,000 after buying an additional 4,386 shares during the last quarter. Profund Advisors LLC boosted its stake in Public Storage by 18.9% in the fourth quarter. Profund Advisors LLC now owns 11,587 shares of the real estate investment trust’s stock valued at $2,870,000 after buying an additional 1,838 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Public Storage by 8.4% in the fourth quarter. ProShare Advisors LLC now owns 80,951 shares of the real estate investment trust’s stock valued at $20,052,000 after buying an additional 6,301 shares during the last quarter.

Public Storage (the Trust) is a real estate investment trust (REIT). The Trust’s principal business activities include Domestic Self-Storage, European Self-Storage and Commercial. The Trust acquires, develops, owns and operates self-storage facilities, which offer storage spaces for lease, on a month-to-month basis, for personal and business use.

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