From MarketBeat:

Annex Advisory Services LLC increased its stake in Public Storage by 44.6% in the third quarter. They now own 15,562 shares, worth $4,101,000. Hedge funds and other institutional investors own 78.75% of the company’s stock. PSAs consensus rating is “Moderate Buy” with an average price target of $302.86.

Public Storage stock traded down 0.7% on Tuesday. The company’s stock has a 1-year low of $233.18 and a 1-year high of $316.48. It has a market capitalization of $51.54 billion and a PE ratio of 27.04. The company last reported earnings of $3.20 per share.

Public Storage, a REIT, recently disclosed a quarterly dividend of $3.00 per share. The ex-dividend date was Tuesday, December 12th. This represents an annualized dividend of $12.00 and a yield of 4.09%. Their dividend payout ratio (DPR) is 109.99%.

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. They had interests in over 3,000 self-storage facilities across 40 states and a 35% common equity interest in Shurgard Self Storage Limited. Their stock currently has a “Moderate Buy” rating among analysts.



Read more: Annex Advisory Services LLC Boosts Stake in Public Storage (NYSE:PSA)