Economy

Public Storage (PSA) Upgraded to "Hold" at Zacks Investment Research

Public Storage (NYSE PSA) opened at 214.15 on Friday. Morgan Stanley now owns 2,751,504 shares of the real estate investment trust's stock valued at $602,333,000 after buying an additional 385,136 shares during the period. Ladenburg Thalmann Financial Services Inc.'s holdings in Public Storage were worth $5,148,000 as of its most recent SEC filing.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. grew its stake in shares of Public Storage by 13.9% during the 1st quarter. The firm owned 23,057 shares of the real estate investment trust's stock after buying an additional 4,969 shares during the period. MA grew its stake in Public Storage by 87.1% in the 1st quarter. About 1.03 million shares traded or 27.21% up from the average. Pitcairn Co. now owns 982 shares of the real estate investment trust's stock valued at $220,000 after buying an additional 25 shares in the last quarter.

07/14/2016 - Public Storage was downgraded to "underweight" by analysts at KeyBanc. UBS Asset Management Americas Inc. now owns 790,428 shares of the real estate investment trust's stock valued at $173,033,000 after acquiring an additional 96,207 shares during the period. Finally, Morgan Stanley grew its stake in Public Storage by 16.3% in the 1st quarter. Finally, CENTRAL TRUST Co grew its holdings in shares of Public Storage by 41.3% during the second quarter. The stock increased 0.75% or $1.59 on September 15, reaching $214.15. The company's stock had a trading volume of 1,032,132 shares. The stock has a market capitalization of $36.98 billion, a P/E ratio of 30.31 and a beta of 0.42. The stock has a 50 day moving average price of $204.09 and a 200-day moving average price of $212.87. Public Storage has a 52-week low of 192.15 and a 52-week high of 232.21.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Wednesday, July 26th.

Analysts expect Public Storage (NYSE:PSA) to report $2.61 EPS on October, 25.They anticipate $0.10 EPS change or 3.98 % from last quarter's $2.51 EPS. The company had revenue of $624.20 million during the quarter, compared to analysts' expectations of $626.27 million. Public Storage's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.40 earnings per share. On average, equities analysts predict that Public Storage will post $7.22 EPS for the current year. Stockholders of record on Wednesday, September 13th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 3.74%. The company was maintained on Tuesday, September 8 by Evercore. Public Storage's dividend payout ratio is now 113.96%.

COPYRIGHT VIOLATION NOTICE: This report was posted by BBNS and is the sole property of of BBNS. If you are reading this news story on another website, it was copied illegally and republished in violation of US and worldwide trademark & copyright legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2017/09/17/public-storage-psa-shares-bought-by-kempen-capital-management-n-v.html. Jefferies Group LLC set a $210.00 target price on Public Storage and gave the company a "hold" rating in a report on Thursday, August 17th. The shares were acquired at an average price of $200.59 per share, with a total value of $401,180.00.

Several analysts recently issued reports on PSA shares. Argus Research maintained the stock with "Buy" rating in Wednesday, September 9 report.

Among 16 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 3 Sell and 11 Hold.

Equity analysts at BMO Capital has started coverage on shares of Public Storage (NYSE:PSA) in a research note shared with investors and clients on 11 September. They now have a United States dollars 204 price target on the stock.

Ladenburg Thalmann Financial Services Inc. raised its position in Public Storage (NYSE:PSA) by 27.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. As per Monday, January 4, the company rating was downgraded by Goldman Sachs. The stock of Public Storage (NYSE:PSA) has "Neutral" rating given on Monday, October 31 by Goldman Sachs.

Public Storage is a real estate investment trust (REIT).



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