Public Storage (NYSE:PSA) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in Public Storage (NYSE:PSA) by 51.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,062 shares of the real estate investment trust’s stock after selling 3,219 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Public Storage were worth $655,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Covington Capital Management lifted its position 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 purchasing an additional 937 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Public Storage by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,054,552 shares of the real estate investment trust’s stock valued at $428,434,000 after acquiring an additional 57,277 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Public Storage by 7.6% in the second quarter. Nationwide Fund Advisors now owns 118,395 shares of the real estate investment trust’s stock valued at $24,689,000 after acquiring an additional 8,410 shares in the last quarter. 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 purchasing an additional 6,283 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 purchasing an additional 8,600 shares during the period. Hedge funds and other institutional investors own 80.42% of the company’s stock.

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Several equities analysts have recently commented on the stock. B. Riley restated a “neutral” rating on shares of Public Storage in a research report on Wednesday, November 1st. Bank of America Corporation decreased their target price on shares of Public Storage from $222.00 to $218.00 and set a “neutral” rating for the company in a research report on Thursday, July 20th. Jefferies Group LLC set a $210.00 target price on shares of Public Storage and gave the company a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, KeyCorp restated a “sell” rating and set a $184.00 price objective on shares of Public Storage in a research report on Wednesday, September 13th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $212.45.

Public Storage (NYSE PSA) opened at $211.52 on Friday. Public Storage has a 1-year low of $192.15 and a 1-year high of $232.21. The firm has a market capitalization of $36,749.06, a PE ratio of 21.34, a PEG ratio of 4.42 and a beta of 0.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Tuesday, December 12th. Public Storage’s dividend payout ratio (DPR) is presently 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)

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