Dupont Capital Management Corp reduced its stake in shares of Public Storage (NYSE:PSA) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,258 shares of the real estate investment trust’s stock after selling 2,466 shares during the period. Dupont Capital Management Corp’s holdings in Public Storage were worth $6,475,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Public Storage by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,057,097 shares of the real estate investment trust’s stock worth $4,599,567,000 after acquiring an additional 727,573 shares during the period. BlackRock Inc. lifted its holdings in shares of Public Storage by 3.5% during the 2nd quarter. BlackRock Inc. now owns 14,657,306 shares of the real estate investment trust’s stock worth $3,056,489,000 after acquiring an additional 489,998 shares during the period. APG Asset Management US Inc. lifted its holdings in shares of Public Storage by 8.3% during the 3rd quarter. APG Asset Management US Inc. now owns 4,563,523 shares of the real estate investment trust’s stock worth $976,548,000 after acquiring an additional 350,712 shares during the period. Capital World Investors lifted its holdings in shares of Public Storage by 93.3% during the 2nd quarter. Capital World Investors now owns 4,036,000 shares of the real estate investment trust’s stock worth $841,627,000 after acquiring an additional 1,948,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Public Storage by 20.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,161,559 shares of the real estate investment trust’s stock worth $659,280,000 after acquiring an additional 537,289 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Several research analysts have recently weighed in on PSA shares. Argus cut their price objective on shares of Public Storage from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, August 1st. Barclays PLC cut their price objective on shares of Public Storage from $216.00 to $209.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Jefferies Group LLC restated a “hold” rating and issued a $222.00 price target on shares of Public Storage in a report on Friday, July 14th. Finally, FBR & Co set a $220.00 price target on shares of Public Storage and gave the company a “hold” rating in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $212.45.

TRADEMARK VIOLATION WARNING: “Public Storage (PSA) Stake Decreased by Dupont Capital Management Corp” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/public-storage-psa-stake-decreased-by-dupont-capital-management-corp/1678479.html.

Shares of Public Storage (PSA) traded up $2.45 during trading hours on Friday, reaching $208.97. 749,350 shares of the company’s stock traded hands, compared to its average volume of 904,814. The company has a market cap of $36.25 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 4.33 and a beta of 0.43.

The company also recently disclosed 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. The ex-dividend date is Tuesday, December 12th. This represents a $8.00 dividend on an annualized basis and a yield of 3.83%. Public Storage’s payout ratio is currently 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)

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.