Parametrica Management Ltd purchased a new stake in shares of Public Storage (NYSE:PSA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the real estate investment trust’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Diamond Hill Capital Management Inc. increased its stake in Public Storage by 0.3% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,668 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 5 shares during the period. Merriman Wealth Management LLC increased its stake in Public Storage by 0.3% during the second quarter. Merriman Wealth Management LLC now owns 1,920 shares of the real estate investment trust’s stock valued at $400,000 after acquiring an additional 5 shares during the period. Concorde Asset Management LLC increased its stake in Public Storage by 0.3% during the second quarter. Concorde Asset Management LLC now owns 2,511 shares of the real estate investment trust’s stock valued at $523,000 after acquiring an additional 8 shares during the period. First Hawaiian Bank increased its stake in Public Storage by 0.5% during the second quarter. First Hawaiian Bank now owns 1,765 shares of the real estate investment trust’s stock valued at $369,000 after acquiring an additional 9 shares during the period. Finally, Forward Management LLC increased its stake in Public Storage by 0.7% during the second quarter. Forward Management LLC now owns 1,238 shares of the real estate investment trust’s stock valued at $258,000 after acquiring an additional 9 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

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Several equities analysts recently issued reports on the company. Barclays PLC restated a “hold” rating and set a $207.00 price target on shares of Public Storage in a research note on Thursday, October 19th. BMO Capital Markets assumed coverage on Public Storage in a research note on Monday, September 11th. They set an “underperform” rating and a $193.00 price target on the stock. Zacks Investment Research upgraded Public Storage from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Evercore ISI restated an “underperform” rating and set a $204.00 price target (up from $197.00) on shares of Public Storage in a research note on Thursday, September 14th. Finally, FBR & Co set a $220.00 price target on Public Storage and gave the company a “hold” rating in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $212.45.

Shares of Public Storage (PSA) opened at $208.97 on Friday. The firm has a market capitalization of $36,361.20, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 4.35 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 disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Tuesday, December 12th. Public Storage’s payout ratio is 116.79%.

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.

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

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