Public Storage (NYSE:PSA) – Research analysts at Cantor Fitzgerald issued their FY2017 EPS estimates for shares of Public Storage in a report issued on Sunday. Cantor Fitzgerald analyst G. Mehta expects that the real estate investment trust will post earnings per share of $9.76 for the year.

Several other analysts also recently issued reports on the company. B. Riley reissued a “neutral” rating on shares of Public Storage in a research note on Wednesday, November 1st. SunTrust Banks, Inc. reissued a “hold” rating and set a $200.00 target price on shares of Public Storage in a research note on Friday, October 27th. FBR & Co set a $220.00 target price on Public Storage and gave the company a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets set a $193.00 target price on Public Storage and gave the company a “sell” rating in a research note on Thursday, October 26th. Finally, Barclays PLC reissued a “hold” rating and set a $207.00 target price on shares of Public Storage in a research note on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $212.45.

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Shares of Public Storage (PSA) opened at $211.37 on Wednesday. The stock has a market capitalization of $37,039.21, a P/E ratio of 21.51, a P/E/G ratio of 4.45 and a beta of 0.43. Public Storage has a 12 month low of $192.15 and a 12 month high of $232.21.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders 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 yield of 3.78%. The ex-dividend date is Tuesday, December 12th. Public Storage’s dividend payout ratio is presently 116.79%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSA. Capital World Investors grew its holdings in Public Storage by 93.3% during the 2nd quarter. Capital World Investors now owns 4,036,000 shares of the real estate investment trust’s stock valued at $841,627,000 after buying an additional 1,948,000 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Public Storage by 41.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,466,228 shares of the real estate investment trust’s stock valued at $950,191,000 after buying an additional 1,304,669 shares in the last quarter. Vanguard Group Inc. grew its holdings in Public Storage by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,057,097 shares of the real estate investment trust’s stock valued at $4,599,567,000 after buying an additional 727,573 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in Public Storage by 3,791.5% during the 2nd quarter. Epoch Investment Partners Inc. now owns 641,789 shares of the real estate investment trust’s stock valued at $133,832,000 after buying an additional 625,297 shares in the last quarter. Finally, Koch Industries Inc. grew its holdings in Public Storage by 49,832.6% during the 2nd quarter. Koch Industries Inc. now owns 525,291 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 524,239 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

About Public Storage

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.

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

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