Nationwide Fund Advisors raised its holdings in shares of Public Storage (NYSE:PSA) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,152 shares of the real estate investment trust’s stock after purchasing an additional 6,757 shares during the quarter. Nationwide Fund Advisors owned approximately 0.07% of Public Storage worth $26,781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Merriman Wealth Management LLC lifted its holdings 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 purchasing an additional 5 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings 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 purchasing an additional 5 shares during the last quarter. Forward Management LLC lifted its holdings 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 purchasing an additional 9 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in Public Storage by 0.3% during the second quarter. Pinnacle Associates Ltd. now owns 3,370 shares of the real estate investment trust’s stock valued at $703,000 after purchasing an additional 10 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Public Storage by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,107 shares of the real estate investment trust’s stock valued at $2,316,000 after purchasing an additional 30 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

PSA has been the topic of a number of recent analyst reports. B. Riley set a $220.00 price target on shares of Public Storage and gave the stock a “hold” rating in a report on Wednesday, November 15th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $200.00 price target on shares of Public Storage in a report on Friday, October 27th. FBR & Co set a $220.00 price target on shares of Public Storage and gave the stock a “hold” rating in a report on Thursday, October 26th. BMO Capital Markets set a $193.00 price target on shares of Public Storage and gave the stock a “sell” rating in a report on Thursday, October 26th. Finally, Barclays PLC reissued a “hold” rating and issued a $207.00 price target on shares of Public Storage in a report on Thursday, October 19th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Public Storage presently has a consensus rating of “Hold” and an average price target of $213.08.

Shares of Public Storage (NYSE PSA) traded up $1.50 on Friday, reaching $212.79. 257,042 shares of the company were exchanged, compared to its average volume of 683,978. The stock has a market capitalization of $37,034.18, a P/E ratio of 21.47, a P/E/G ratio of 4.44 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 announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 13th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, December 12th. Public Storage’s dividend payout ratio is currently 116.79%.

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

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