U S Global Investors Inc. bought a new position in Public Storage (NYSE:PSA) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,100 shares of the real estate investment trust’s stock, valued at approximately $449,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PSA. Covington Capital Management raised its holdings in shares of Public Storage by 11.7% during the second quarter. Covington Capital Management now owns 8,960 shares of the real estate investment trust’s stock worth $1,868,000 after acquiring an additional 937 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Public Storage by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,054,552 shares of the real estate investment trust’s stock worth $428,434,000 after acquiring an additional 57,277 shares during the period. Amalgamated Bank raised its holdings in shares of Public Storage by 56.1% during the second quarter. Amalgamated Bank now owns 17,486 shares of the real estate investment trust’s stock worth $3,646,000 after acquiring an additional 6,283 shares during the period. Nationwide Fund Advisors raised its holdings in shares of Public Storage by 7.6% during the second quarter. Nationwide Fund Advisors now owns 118,395 shares of the real estate investment trust’s stock worth $24,689,000 after acquiring an additional 8,410 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Public Storage by 2.5% during the second quarter. California Public Employees Retirement System now owns 349,501 shares of the real estate investment trust’s stock worth $72,881,000 after acquiring an additional 8,600 shares during the period. Institutional investors own 80.91% of the company’s stock.

Shares of Public Storage (PSA) traded up $2.50 during mid-day trading on Monday, reaching $210.84. 690,900 shares of the company’s stock traded hands, compared to its average volume of 851,083. Public Storage has a 12-month low of $192.15 and a 12-month high of $232.21. The firm has a market cap of $36,694.80, a price-to-earnings ratio of 21.27, a P/E/G ratio of 4.52 and a beta of 0.43.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be paid a $2.00 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $8.00 annualized dividend and a yield of 3.79%. Public Storage’s payout ratio is currently 116.79%.

In other Public Storage news, insider John Reyes sold 60,000 shares of Public Storage stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.42% of the stock is currently owned by insiders.

PSA has been the topic of a number of research analyst reports. Barclays restated a “hold” rating and set a $207.00 price objective on shares of Public Storage in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a report on Friday, September 15th. SunTrust Banks restated a “hold” rating and set a $200.00 price objective on shares of Public Storage in a report on Friday, October 27th. FBR & Co set a $220.00 price objective on shares of Public Storage and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Jefferies Group set a $210.00 price objective on shares of Public Storage and gave the stock a “hold” rating in a report on Thursday, August 17th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Public Storage currently has a consensus rating of “Hold” and an average target price of $210.25.

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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)

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