Traders purchased shares of Public Storage (NYSE:PSA) on weakness during trading hours on Thursday. $98.07 million flowed into the stock on the tick-up and $54.03 million flowed out of the stock on the tick-down, for a money net flow of $44.04 million into the stock. Of all stocks tracked, Public Storage had the 3rd highest net in-flow for the day. Public Storage traded down ($2.90) for the day and closed at $230.55

PSA has been the topic of a number of research reports. FBR & Co initiated coverage on Public Storage in a research report on Thursday, June 23rd. They set a “market perform” rating and a $250.00 price objective on the stock. Goldman Sachs Group Inc. cut Public Storage from a “neutral” rating to a “sell” rating and set a $244.00 price objective on the stock. in a research report on Monday, April 25th. KeyCorp cut Public Storage from a “sector weight” rating to an “underweight” rating and set a $230.00 price objective on the stock. in a research report on Friday, July 15th. Vetr upgraded Public Storage from a “sell” rating to a “hold” rating and set a $239.50 price objective on the stock in a research report on Monday, May 2nd. Finally, Zacks Investment Research cut Public Storage from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $240.35.

The firm’s 50-day moving average is $248.19 and its 200-day moving average is $254.01. The company has a market cap of $39.91 billion and a PE ratio of 36.49.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $2.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by $0.06. The business earned $634.20 million during the quarter, compared to analysts’ expectations of $607.28 million. Public Storage’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.17 earnings per share. On average, equities research analysts expect that Public Storage will post $9.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th will be issued a $1.80 dividend. The ex-dividend date is Monday, September 12th. This represents a $7.20 annualized dividend and a yield of 3.12%.

In related news, Director B Wayne Hughes, Jr. acquired 22,100 shares of the company’s stock in a transaction on Wednesday, June 8th. The stock was purchased at an average cost of $252.42 per share, with a total value of $5,578,482.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

A number of institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Public Storage by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,004 shares of the real estate investment trust’s stock valued at $462,216,000 after buying an additional 36,783 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Public Storage by 14.6% in the fourth quarter. Wells Fargo & Company MN now owns 273,405 shares of the real estate investment trust’s stock valued at $67,722,000 after buying an additional 34,749 shares in the last quarter. State of Tennessee Treasury Department boosted its position in shares of Public Storage by 24.6% in the fourth quarter. State of Tennessee Treasury Department now owns 136,431 shares of the real estate investment trust’s stock valued at $33,794,000 after buying an additional 26,913 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Public Storage by 0.9% in the fourth quarter. Bank of Montreal Can now owns 117,555 shares of the real estate investment trust’s stock valued at $29,119,000 after buying an additional 1,030 shares in the last quarter. Finally, Employees Retirement System of Texas boosted its position in shares of Public Storage by 19.1% in the fourth quarter. Employees Retirement System of Texas now owns 94,300 shares of the real estate investment trust’s stock valued at $23,358,000 after buying an additional 15,100 shares in the last quarter.

Public Storage is a real estate investment trust. The Company’s 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.

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