Teacher Retirement System of Texas decreased its position in Public Storage (NYSE:PSA) by 17.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,731 shares of the real estate investment trust’s stock after selling 8,261 shares during the quarter. Teacher Retirement System of Texas’ holdings in Public Storage were worth $8,502,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Public Storage by 3.3% in the third quarter. Rhumbline Advisers now owns 324,401 shares of the real estate investment trust’s stock valued at $69,419,000 after buying an additional 10,359 shares during the period. Advisor Group Inc. lifted its holdings in shares of Public Storage by 5.6% in the third quarter. Advisor Group Inc. now owns 16,045 shares of the real estate investment trust’s stock valued at $3,433,000 after buying an additional 854 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Public Storage by 4.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,509 shares of the real estate investment trust’s stock valued at $8,241,000 after buying an additional 1,768 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Public Storage by 12.5% in the third quarter. Toronto Dominion Bank now owns 57,051 shares of the real estate investment trust’s stock valued at $12,206,000 after buying an additional 6,325 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Public Storage by 2.3% in the third quarter. New York State Common Retirement Fund now owns 465,500 shares of the real estate investment trust’s stock valued at $99,612,000 after buying an additional 10,500 shares during the period. Institutional investors and hedge funds own 80.18% of the company’s stock.

Shares of Public Storage (NYSE:PSA) opened at $211.85 on Friday. The stock has a market capitalization of $37,190.00, a PE ratio of 21.49, a P/E/G ratio of 4.45 and a beta of 0.43. Public Storage has a one year low of $192.15 and a one year high of $232.21.

The firm also recently disclosed 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 annualized dividend and a yield of 3.78%. The ex-dividend date is Tuesday, December 12th. Public Storage’s dividend payout ratio is currently 116.96%.

TRADEMARK VIOLATION WARNING: “Public Storage (PSA) Shares Sold by Teacher Retirement System of Texas” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.watchlistnews.com/public-storage-psa-shares-sold-by-teacher-retirement-system-of-texas/1711882.html.

PSA has been the subject of several research analyst reports. KeyCorp restated a “sell” rating and issued a $184.00 price objective on shares of Public Storage in a report on Wednesday, September 13th. Evercore ISI restated an “underperform” rating and issued a $204.00 price objective (up previously from $197.00) on shares of Public Storage in a report on Thursday, September 14th. Zacks Investment Research raised Public Storage from a “sell” rating to a “hold” rating in a report on Friday, September 15th. BMO Capital Markets started coverage on Public Storage in a report on Monday, September 11th. They set an “underperform” rating and a $193.00 target price for the company. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $200.00 target price on shares of Public Storage in a report on Friday, October 27th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $213.08.

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.

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

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.