Pershing Square Inc. (PS) to Distribute Quarterly Dividend of $0.12 on July 21st

Pershing Square Inc. (NYSE:PS) announced a quarterly dividend on Thursday, July 2nd. Stockholders of record on Monday, July 13th will be given a dividend of 0.122 per share on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, July 13th.

Pershing Square Trading Up 0.3%

Shares of NYSE PS opened at $32.53 on Friday. The firm has a 50-day moving average price of $35.82. The firm has a market cap of $13.01 billion, a PE ratio of -40.21 and a beta of 2.27. Pershing Square has a 52-week low of $22.01 and a 52-week high of $54.94.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada assumed coverage on Pershing Square in a report on Tuesday, May 26th. They issued a “sector perform” rating and a $40.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They set an “equal weight” rating and a $37.00 price target for the company. Loop Capital initiated coverage on Pershing Square in a research report on Tuesday, May 26th. They issued a “buy” rating and a $49.00 price target for the company. Wall Street Zen cut shares of Pershing Square from a “hold” rating to a “sell” rating in a research report on Sunday, June 7th. Finally, Jefferies Financial Group started coverage on Pershing Square in a research report on Monday, May 25th. They set a “hold” rating and a $40.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.43.

Pershing Square Company Profile

Pershing Square (NYSE: PS) is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William “Bill” Ackman. The vehicle provides outside investors with exposure to the firm’s concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.

The company’s principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.