News articles about Public Storage (NYSE:PSA) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Public Storage earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.6698121765982 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment’s analysis:

Shares of Public Storage (PSA) traded down $2.57 during trading hours on Friday, reaching $193.55. 957,647 shares of the company’s stock traded hands, compared to its average volume of 763,436. Public Storage has a 1 year low of $192.15 and a 1 year high of $232.21. The company has a market capitalization of $33,690.00, a P/E ratio of 28.30, a PEG ratio of 4.05 and a beta of 0.44.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 12th. Public Storage’s payout ratio is presently 116.96%.

A number of equities research analysts recently weighed in on the stock. B. Riley reissued a “neutral” rating on shares of Public Storage in a research note on Wednesday, November 1st. FBR & Co set a $220.00 price target on shares of Public Storage and gave the stock a “hold” rating in a research note 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 research note 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 note on Tuesday, November 28th. Finally, Barclays reissued a “hold” rating and set a $207.00 price target on shares of Public Storage in a research note on Thursday, October 19th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $209.38.

In other news, insider John Reyes sold 60,000 shares of the company’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 value of $12,734,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary E. Pruitt sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $212.09, for a total transaction of $1,060,450.00. Following the completion of the transaction, the director now owns 8,350 shares of the company’s stock, valued at approximately $1,770,951.50. The disclosure for this sale can be found here. 14.42% of the stock is currently owned by corporate insiders.

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About Public Storage

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.

Insider Buying and Selling by Quarter for Public Storage (NYSE:PSA)

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