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GAM Holding AG acquired a new stake in the shares of Public Storage during the third quarter, while other institutional investors and hedge funds have also modified their holdings of the stock. Several analysts issued reports on the company, with an average rating of “Hold” and an average target price of $297.14. Public Storage last released its earnings results on October 30th, reporting $3.20 earnings per share for the quarter. The firm also announced a quarterly dividend, which will be paid on December 28th. Insider activity has included selling of company stock by various insiders. Public Storage, a real estate investment trust, primarily operates self-storage facilities. The firm has a 50 day moving average price of $261.80 and a 200-day moving average price of $273.85. The stock currently has a “Moderate Buy” rating among analysts. Public Storage has a market capitalization of $52.39 billion and a dividend payout ratio of 109.99%, with 78.75% of the stock owned by institutional investors.



Original: GAM Holding AG Takes $7.85 Million Position in Public Storage (NYSE:PSA)