Candriam Luxembourg S.C.A. grew its holdings in Public Storage (NYSE:PSA) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,960 shares of the real estate investment trust’s stock after buying an additional 279 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Public Storage were worth $2,559,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PSA. OppenheimerFunds Inc. increased its stake in shares of Public Storage by 9.0% in the first quarter. OppenheimerFunds Inc. now owns 1,474 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 122 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of Public Storage by 41.3% in the second quarter. CENTRAL TRUST Co now owns 578 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 169 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Public Storage by 2.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 35,951 shares of the real estate investment trust’s stock valued at $7,497,000 after acquiring an additional 800 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in Public Storage by 3.0% in the second quarter. LS Investment Advisors LLC now owns 4,963 shares of the real estate investment trust’s stock valued at $1,035,000 after acquiring an additional 145 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Public Storage by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the real estate investment trust’s stock valued at $1,939,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 80.18% of the company’s stock.

Several equities analysts recently issued reports on the company. B. Riley set a $220.00 price target on Public Storage and gave the company a “hold” rating in a report on Wednesday. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $200.00 price target on shares of Public Storage in a report on Friday, October 27th. FBR & Co set a $220.00 price target on Public Storage and gave the company a “hold” rating in a report on Thursday, October 26th. BMO Capital Markets set a $193.00 price target on Public Storage and gave the company a “sell” rating in a report on Thursday, October 26th. Finally, Barclays PLC reiterated a “hold” rating and issued a $207.00 price target on shares of Public Storage in a report on Thursday, October 19th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Public Storage has an average rating of “Hold” and an average target price of $213.08.

Public Storage (NYSE PSA) opened at $210.05 on Thursday. The firm has a market capitalization of $37,056.81, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 4.45 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 business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Tuesday, December 12th. Public Storage’s dividend payout ratio (DPR) is 116.79%.

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Public Storage Company Profile

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.

Institutional Ownership by Quarter for Public Storage (NYSE:PSA)

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