Public Storage (NYSE:PSA) – Investment analysts at SunTrust Banks issued their Q1 2017 EPS estimates for shares of Public Storage in a research note issued on Thursday. SunTrust Banks analyst K. Kim forecasts that the brokerage will earn $2.42 per share for the quarter. SunTrust Banks also issued estimates for Public Storage’s Q2 2017 earnings at $2.54 EPS, Q3 2017 earnings at $2.60 EPS, Q4 2017 earnings at $2.83 EPS, FY2017 earnings at $10.40 EPS, FY2019 earnings at $11.63 EPS, FY2020 earnings at $12.16 EPS and FY2021 earnings at $12.63 EPS.

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Earnings History and Estimates for Public Storage (NYSE:PSA)

A number of other equities research analysts have also issued reports on the stock. Cantor Fitzgerald restated a “hold” rating and issued a $222.00 target price on shares of Public Storage in a research note on Monday. Barclays PLC upped their target price on shares of Public Storage from $215.00 to $222.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 7th. Evercore ISI lowered shares of Public Storage from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. BMO Capital Markets restated a “hold” rating and issued a $210.00 target price on shares of Public Storage in a research note on Thursday, February 23rd. Finally, Zacks Investment Research lowered shares of Public Storage from a “hold” rating to a “sell” rating in a research note on Tuesday, February 21st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. Public Storage currently has a consensus rating of “Hold” and an average target price of $232.65.

Shares of Public Storage (NYSE:PSA) opened at 223.64 on Monday. The firm has a market cap of $38.83 billion, a P/E ratio of 32.84 and a beta of 0.45. The company has a 50-day moving average of $221.57 and a 200-day moving average of $217.40. Public Storage has a 12 month low of $200.65 and a 12 month high of $277.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Wednesday, March 15th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, March 13th. Public Storage’s dividend payout ratio is presently 122.70%.

In related news, CEO Ronald L. Havner, Jr. sold 83,000 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $219.52, for a total transaction of $18,220,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Lily Yan Hughes sold 658 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $227.76, for a total transaction of $149,866.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 173,658 shares of company stock valued at $38,645,076. Insiders own 14.20% of the company’s stock.

Several large investors have recently made changes to their positions in PSA. Norges Bank acquired a new stake in shares of Public Storage during the fourth quarter worth $204,293,000. Miles Capital Inc. increased its stake in shares of Public Storage by 24.0% in the fourth quarter. Miles Capital Inc. now owns 4,668 shares of the real estate investment trust’s stock worth $1,043,000 after buying an additional 905 shares in the last quarter. Putnam Investments LLC increased its stake in shares of Public Storage by 2.7% in the fourth quarter. Putnam Investments LLC now owns 34,714 shares of the real estate investment trust’s stock worth $7,759,000 after buying an additional 904 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Public Storage by 23.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 405,536 shares of the real estate investment trust’s stock worth $90,637,000 after buying an additional 76,274 shares in the last quarter. Finally, Pacific Center for Financial Services acquired a new stake in shares of Public Storage during the fourth quarter worth $235,000. 78.94% of the stock is owned by institutional investors and hedge funds.

Public Storage Company 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.

5 Day Chart for NYSE:PSA

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