Public Storage (PSA) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its position in Public Storage (NYSE:PSA) by 2.0% in the third quarter, reports. The firm owned 25,120 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Public Storage were worth $5,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC acquired a new stake in Public Storage in the second quarter worth approximately $142,000. Quad Cities Investment Group LLC bought a new position in shares of Public Storage in the second quarter valued at $151,000. Landaas & Co. WI ADV bought a new position in shares of Public Storage in the second quarter valued at $156,000. Parallel Advisors LLC increased its holdings in shares of Public Storage by 61.7% in the second quarter. Parallel Advisors LLC now owns 765 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 292 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in shares of Public Storage in the second quarter valued at $199,000. Hedge funds and other institutional investors own 81.51% of the company’s stock.

In other Public Storage news, CEO Ronald L. Havner, Jr. sold 100,000 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $211.54, for a total transaction of $21,154,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 14.00% of the stock is owned by insiders.

Shares of NYSE:PSA opened at $202.80 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.05. Public Storage has a 12-month low of $180.48 and a 12-month high of $234.90. The firm has a market cap of $34.71 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 3.84 and a beta of 0.13.

Public Storage (NYSE:PSA) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. Public Storage had a net margin of 55.38% and a return on equity of 30.87%. The company had revenue of $706.37 million for the quarter, compared to the consensus estimate of $704.51 million. During the same period in the previous year, the business earned $1.61 EPS. On average, sell-side analysts forecast that Public Storage will post 10.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Wednesday, December 12th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 3.94%. The ex-dividend date is Tuesday, December 11th. Public Storage’s dividend payout ratio (DPR) is currently 78.20%.

PSA has been the topic of several research reports. Goldman Sachs Group cut Public Storage from a “neutral” rating to a “sell” rating in a report on Wednesday, August 22nd. Citigroup dropped their price target on Public Storage from $235.00 to $202.00 and set a “hold” rating on the stock in a report on Friday, October 5th. Evercore ISI cut Public Storage from an “in-line” rating to an “underperform” rating and set a $217.00 price target on the stock. in a report on Monday, July 16th. They noted that the move was a valuation call. Argus upped their price target on Public Storage to $250.00 and gave the company a “buy” rating in a report on Tuesday, July 17th. Finally, BMO Capital Markets reaffirmed a “sell” rating and issued a $194.00 price target on shares of Public Storage in a report on Wednesday, August 1st. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $205.54.

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Public Storage Profile

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. The Company's headquarters are located in Glendale, California. At June 30, 2018, we had interests in 2,402 self-storage facilities located in 38 states with approximately 160 million net rentable square feet in the United States and 228 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the “Shurgard” brand.

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

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