News articles about Public Storage (NYSE:PSA) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Public Storage earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.0337941050253 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

Several brokerages recently weighed in on PSA. B. Riley reaffirmed a “neutral” rating on shares of Public Storage in a report on Wednesday, November 1st. Zacks Investment Research downgraded Public Storage from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Morgan Stanley downgraded Public Storage from an “equal weight” rating to an “underweight” rating and set a $199.00 price target for the company. in a report on Wednesday. Bank of America downgraded Public Storage from a “neutral” rating to an “underperform” rating and set a $212.00 price target for the company. in a report on Monday, December 4th. They noted that the move was a valuation call. Finally, Jefferies Group set a $212.00 price target on Public Storage and gave the stock a “hold” rating in a report on Tuesday, November 28th. Seven investment analysts have rated the stock with a sell rating, seven have given 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 price target of $209.38.

Public Storage (PSA) traded up $0.54 during trading hours on Friday, reaching $211.56. The company’s stock had a trading volume of 1,158,885 shares, compared to its average volume of 739,346. The stock has a market capitalization of $36,726.13, a PE ratio of 21.29, a price-to-earnings-growth ratio of 4.52 and a beta of 0.43. Public Storage has a 1 year low of $192.15 and a 1 year high of $232.21.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 3.78%. The ex-dividend date is Tuesday, December 12th. Public Storage’s payout ratio is 116.79%.

In other Public Storage news, insider John Reyes sold 60,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $212.24, for a total value of $12,734,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary E. Pruitt sold 5,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $212.09, for a total value of $1,060,450.00. Following the completion of the transaction, the director now owns 8,350 shares of the company’s stock, valued at approximately $1,770,951.50. The disclosure for this sale can be found here. Corporate insiders own 14.42% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Public Storage (NYSE:PSA)

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