Meiji Yasuda Asset Management Co Ltd. reduced its position in Public Storage (NYSE:PSA) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 15,162 shares of the real estate investment trust’s stock after selling 300 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Public Storage were worth $3,245,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PSA. Bessemer Group Inc. bought a new stake in Public Storage in the 2nd quarter valued at about $105,000. Northwestern Mutual Wealth Management Co. raised its stake in Public Storage by 15.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 566 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 75 shares during the period. Johnson Financial Group Inc. raised its stake in Public Storage by 274.4% in the 2nd quarter. Johnson Financial Group Inc. now owns 614 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 450 shares during the period. Cable Hill Partners LLC grew its holdings in Public Storage by 139.9% during the 3rd 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 in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Public Storage by 23.8% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

A number of research analysts have weighed in on the company. Barclays PLC reaffirmed a “hold” rating and set a $207.00 target price on shares of Public Storage in a report on Thursday, October 19th. BMO Capital Markets assumed coverage on Public Storage in a report on Monday, September 11th. They set an “underperform” rating and a $193.00 target price for the company. B. Riley set a $220.00 target price on Public Storage and gave the company a “hold” rating in a report on Wednesday, November 15th. Zacks Investment Research raised Public Storage from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, Evercore ISI reaffirmed an “underperform” rating and set a $204.00 target price (up previously from $197.00) on shares of Public Storage in a report on Thursday, September 14th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Public Storage has an average rating of “Hold” and a consensus target price of $213.08.

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Shares of Public Storage (PSA) traded down $0.74 during midday trading on Tuesday, hitting $211.11. The stock had a trading volume of 358,400 shares, compared to its average volume of 851,328. Public Storage has a 52 week low of $192.15 and a 52 week high of $232.21. The stock has a market capitalization of $36,870.00, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 4.42 and a beta of 0.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Tuesday, December 12th. Public Storage’s payout ratio is 116.96%.

Public Storage 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.

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

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