Public Storage (NYSE:PSA) saw some unusual options trading activity on Wednesday. Traders bought 1,856 put options on the company. This is an increase of approximately 992% compared to the typical daily volume of 170 put options.

In other Public Storage news, insider John Reyes sold 60,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were 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 SEC, which is accessible through this hyperlink. Also, Director Gary E. Pruitt sold 5,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $212.09, for a total transaction of $1,060,450.00. Following the sale, the director now directly owns 8,350 shares in the company, 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.

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Public Storage by 15.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 566 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 75 shares in the last quarter. Cable Hill Partners LLC raised its holdings in Public Storage by 139.9% in the third quarter. Cable Hill Partners LLC now owns 787 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 459 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Public Storage by 23.8% in the second quarter. D.A. Davidson & CO. now owns 885 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 170 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in Public Storage in the second quarter valued at approximately $198,000. Finally, IHT Wealth Management LLC raised its holdings in Public Storage by 43.0% in the second quarter. IHT Wealth Management LLC now owns 582 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 175 shares in the last quarter. 80.64% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on PSA shares. Jefferies Group set a $212.00 price target on shares of Public Storage and gave the stock a “hold” rating in a research report on Tuesday, November 28th. Barclays reissued a “hold” rating and set a $207.00 price target on shares of Public Storage in a research report on Thursday, October 19th. SunTrust Banks reissued a “hold” rating and set a $200.00 price target on shares of Public Storage in a research report on Friday, October 27th. FBR & Co set a $220.00 price target on shares of Public Storage and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, B. Riley set a $220.00 price target on shares of Public Storage and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Public Storage presently has a consensus rating of “Hold” and a consensus price target of $209.38.

Shares of Public Storage (PSA) opened at $193.55 on Monday. The firm has a market cap of $33,685.64, a P/E ratio of 28.26, a P/E/G ratio of 4.00 and a beta of 0.44. Public Storage has a 1-year low of $192.15 and a 1-year high of $232.21.

Public Storage (NYSE:PSA) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.60 by ($0.99). Public Storage had a net margin of 52.48% and a return on equity of 27.78%. research analysts predict that Public Storage will post 10.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 13th were issued a $2.00 dividend. The ex-dividend date was Tuesday, December 12th. This represents a $8.00 annualized dividend and a yield of 4.13%. Public Storage’s dividend payout ratio (DPR) is 116.79%.

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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.

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