Clarius Group LLC Sells 352 Shares of Public Storage (PSA)
Clarius Group LLC trimmed its position in shares of Public Storage (NYSE:PSA) by 25.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035 shares of the real estate investment trust’s stock after selling 352 shares during the quarter. Clarius Group LLC’s holdings in Public Storage were worth $221,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. purchased a new position in shares of Public Storage during the 2nd quarter valued at approximately $105,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Public Storage by 15.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 566 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 75 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Public Storage by 41.3% during the 2nd quarter. CENTRAL TRUST Co now owns 578 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 169 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in shares of Public Storage by 274.4% during the 2nd quarter. Johnson Financial Group Inc. now owns 614 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 450 shares in the last quarter. Finally, Cable Hill Partners LLC increased its holdings in shares of Public Storage by 139.9% during the 3rd quarter. Cable Hill Partners LLC now owns 787 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 459 shares in the last quarter. 80.18% of the stock is owned by hedge funds and other institutional investors.
Public Storage (PSA) traded up $4.16 during trading on Thursday, reaching $214.21. 312,103 shares of the company were exchanged, compared to its average volume of 841,991. Public Storage has a 1 year low of $192.15 and a 1 year high of $232.21. The firm has a market cap of $37,170.00, a PE ratio of 21.49, a P/E/G ratio of 4.45 and a beta of 0.43.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 13th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $8.00 dividend on an annualized basis and a yield of 3.73%. Public Storage’s dividend payout ratio is currently 116.96%.
Several equities analysts have recently weighed in on PSA shares. B. Riley reaffirmed a “neutral” rating on shares of Public Storage in a report on Wednesday, November 1st. Bank of America Corporation cut their target price on shares of Public Storage from $222.00 to $218.00 and set a “neutral” rating for the company in a report on Thursday, July 20th. Zacks Investment Research raised shares of Public Storage from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Barclays PLC reaffirmed a “hold” rating and set a $207.00 target price on shares of Public Storage in a report on Thursday, October 19th. Finally, BMO Capital Markets started coverage on shares of Public Storage in a report on Monday, September 11th. They set an “underperform” rating and a $193.00 target price for the company. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $213.08.
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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.
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