Public Storage (NYSE:PSA) insider John Reyes sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $212.24, for a total transaction of $12,734,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Public Storage (NYSE PSA) opened at $209.97 on Tuesday. Public Storage has a 52 week low of $192.15 and a 52 week high of $232.21. The company has a market cap of $36,540.00, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 4.48 and a beta of 0.43.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $8.00 dividend on an annualized basis and a yield of 3.81%. Public Storage’s dividend payout ratio (DPR) is 116.96%.
Several brokerages recently commented on PSA. BMO Capital Markets set a $193.00 price target on shares of Public Storage and gave the stock a “sell” rating in a research report on Thursday, October 26th. Jefferies Group set a $212.00 price target on shares of Public Storage and gave the stock a “hold” rating in a research report on Tuesday, November 28th. FBR & Co set a $220.00 price objective on shares of Public Storage and gave the stock a “hold” rating in a research note on Thursday, October 26th. KeyCorp reiterated a “sell” rating and set a $184.00 price objective on shares of Public Storage in a research note on Wednesday, September 13th. Finally, Evercore ISI reiterated an “underperform” rating and set a $204.00 price objective (up from $197.00) on shares of Public Storage in a research note on Thursday, September 14th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $210.25.
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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.
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