1 week Ago By ABMN Staff
New York Life Investment Management LLC increased its position in shares of Public Storage ( NYSE:PSA – Free Report ) by 0.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 24,119 shares of the real estate investment trust’s stock after purchasing an additional 226 shares during the quarter.
New York Life Investment Management LLC’s holdings in Public Storage were worth $6,938,000 at the end of the most recent quarter. A number of other large investors have also recently added to or reduced their stakes in PSA. Synergy Asset Management LLC raised its position in Public Storage by 87.
0% in the second quarter. Synergy Asset Management LLC now owns 17,449 shares of the real estate investment trust’s stock valued at $5,019,000 after purchasing an additional 8,116 shares during the period. Arizona State Retirement System raised its holdings in Public Storage by 0.
9% in the 2nd quarter. Arizona State Retirement System now owns 45,840 shares of the real estate investment trust’s stock valued at $13,186,000 after buying an additional 426 shares during the period. Victory Capital Management Inc.
lifted its position in Public Storage by 12.9% in the second quarter. Victory Capital Management Inc.
now owns 82,440 shares of the real estate investment trust’s stock valued at $23,714,000 after buying an additional 9,411 shares during the last quarter. Columbia Asset Management boosted its stake in Public Storage by 17.8% during the second quarter.
Columbia Asset Management now owns 4,925 shares of the real estate investment trust’s stock worth $1,417,000 after buying an additional 745 shares during the period. Finally, National Bank of Canada FI increased its position in shares of Public Storage by 122.8% during the second quarter.
National Bank of Canada FI now owns 78,188 shares of the real estate investment trust’s stock valued at $22,137,000 after acquiring an additional 43,102 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.
Public Storage Price Performance Shares of PSA opened at $345.63 on Monday. The company has a current ratio of 0.
93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.72.
The firm’s fifty day simple moving average is $313.10 and its 200-day simple moving average is $290.43.
The firm has a market capitalization of $60.49 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 5.
72 and a beta of 0.67. Public Storage has a twelve month low of $233.
18 and a twelve month high of $347.77. Public Storage Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th.
Stockholders of record on Friday, September 13th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, September 13th.
This represents a $12.00 annualized dividend and a dividend yield of 3.47%.
Public Storage’s dividend payout ratio is presently 108.99%. Wall Street Analysts Forecast Growth Several equities analysts have recently commented on the stock.
Barclays upped their price objective on shares of Public Storage from $327.00 to $374.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd.
Bank of America cut Public Storage from a “buy” rating to a “neutral” rating and set a $318.00 price target on the stock. in a research note on Monday, August 5th.
Truist Financial cut Public Storage from a “buy” rating to a “hold” rating and set a $306.00 price objective for the company. in a research note on Thursday, August 1st.
Scotiabank raised their target price on Public Storage from $308.00 to $339.00 and gave the company a “sector perform” rating in a report on Thursday, August 22nd.
Finally, Wolfe Research raised Public Storage to a “strong-buy” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.
77. View Our Latest Research Report on PSA Public Storage Profile ( Free Report ) Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.
Further Reading Want to see what other hedge funds are holding PSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Storage ( NYSE:PSA – Free Report ). 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 MarketBeat.
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