Traders bought shares of Public Storage (NYSE:PSA) on weakness during trading on Wednesday. $63.06 million flowed into the stock on the tick-up and $33.89 million flowed out of the stock on the tick-down, for a money net flow of $29.17 million into the stock. Of all equities tracked, Public Storage had the 18th highest net in-flow for the day. Public Storage traded down ($2.87) for the day and closed at $210.05

A number of research analysts have commented on PSA shares. BMO Capital Markets set a $193.00 target price on Public Storage and gave the stock a “sell” rating in a report on Thursday, October 26th. FBR & Co set a $220.00 target price on Public Storage and gave the stock a “hold” rating in a report on Thursday, October 26th. KeyCorp reaffirmed a “sell” rating and set a $184.00 target price on shares of Public Storage in a report on Wednesday, September 13th. 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. Finally, Barclays PLC reduced their target price on Public Storage from $216.00 to $209.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Public Storage has an average rating of “Hold” and an average target price of $213.08.

The stock has a market cap of $37,114.24, a PE ratio of 21.52, a PEG ratio of 4.45 and a beta of 0.43.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 13th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Tuesday, December 12th. Public Storage’s payout ratio is 116.79%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC grew its holdings in shares of Public Storage by 0.9% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 32,570 shares of the real estate investment trust’s stock worth $6,970,000 after acquiring an additional 294 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Public Storage by 4.0% in the 3rd quarter. California Public Employees Retirement System now owns 363,560 shares of the real estate investment trust’s stock worth $77,798,000 after acquiring an additional 14,059 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Public Storage by 8.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,551 shares of the real estate investment trust’s stock worth $3,328,000 after acquiring an additional 1,202 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Public Storage by 37.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,809 shares of the real estate investment trust’s stock worth $6,368,000 after acquiring an additional 8,158 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its position in shares of Public Storage by 112.6% in the third quarter. Laurel Wealth Advisors Inc. now owns 6,081 shares of the real estate investment trust’s stock worth $1,301,000 after buying an additional 3,221 shares during the period. Institutional investors and hedge funds own 80.18% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Investors Buy Shares of Public Storage (PSA) on Weakness” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/investors-buy-shares-of-public-storage-psa-on-weakness/1705719.html.

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.

Receive News & Ratings for Public Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Storage and related companies with Analyst Ratings Network's FREE daily email newsletter.