Clarius Group LLC decreased its position in Public Storage (NYSE:PSA) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,387 shares of the real estate investment trust’s stock after selling 1 shares during the quarter. Clarius Group LLC’s holdings in Public Storage were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hanson McClain Inc. grew its stake in shares of Public Storage by 0.3% in the 1st quarter. Hanson McClain Inc. now owns 685 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 2 shares in the last quarter. Guardian Life Insurance Co. of America grew its stake in shares of Public Storage by 0.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 576 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 5 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Public Storage by 0.3% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,668 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 5 shares in the last quarter. Merriman Wealth Management LLC grew its stake in shares of Public Storage by 0.3% in the 2nd quarter. Merriman Wealth Management LLC now owns 1,920 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 5 shares in the last quarter. Finally, Concorde Asset Management LLC grew its stake in shares of Public Storage by 0.3% in the 2nd quarter. Concorde Asset Management LLC now owns 2,511 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

PSA has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Public Storage in a research note on Monday, September 11th. They issued an “underperform” rating and a $193.00 target price for the company. Zacks Investment Research lowered shares of Public Storage from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Evercore ISI reiterated an “underperform” rating and issued a $204.00 target price (up previously from $197.00) on shares of Public Storage in a research note on Thursday, September 14th. Barclays PLC reduced their target price on shares of Public Storage from $216.00 to $209.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Finally, BidaskClub lowered shares of Public Storage from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $214.91.

In other news, Director Ronald P. Spogli purchased 2,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of $200.59 per share, for a total transaction of $401,180.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 14.42% of the company’s stock.

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Public Storage (NYSE PSA) traded down 0.17% during trading on Friday, reaching $214.51. 136,919 shares of the company traded hands. Public Storage has a 52 week low of $192.15 and a 52 week high of $232.21. The firm has a market capitalization of $37.33 billion, a price-to-earnings ratio of 30.60 and a beta of 0.42. The company’s 50-day moving average price is $205.20 and its 200 day moving average price is $212.38.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.59 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.95). Public Storage had a return on equity of 27.80% and a net margin of 53.35%. The business had revenue of $624.20 million during the quarter, compared to the consensus estimate of $626.27 million. During the same quarter in the previous year, the business posted $2.40 earnings per share. Public Storage’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that Public Storage will post $7.22 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.73%. Public Storage’s dividend payout ratio is currently 113.96%.

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.

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

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