Public Storage (PSA) Shares Sold by AEW Capital Management L P

AEW Capital Management L P cut its holdings in Public Storage (NYSE:PSA) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 872,549 shares of the real estate investment trust’s stock after selling 30,850 shares during the quarter. Public Storage makes up approximately 4.6% of AEW Capital Management L P’s portfolio, making the stock its 8th largest holding. AEW Capital Management L P owned 0.50% of Public Storage worth $186,717,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Franklin Parlapiano Turner & Welch LLC grew its position in shares of Public Storage by 8.9% in the third quarter. Franklin Parlapiano Turner & Welch LLC now owns 18,751 shares of the real estate investment trust’s stock valued at $4,013,000 after purchasing an additional 1,532 shares during the last quarter. Cable Hill Partners LLC grew its position in shares of 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 purchasing an additional 459 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of Public Storage in the third quarter valued at approximately $214,000. Green Street Investors LLC acquired a new stake in shares of Public Storage in the third quarter valued at approximately $8,945,000. Finally, OLD National Bancorp IN grew its position in shares of Public Storage by 3.0% in the third quarter. OLD National Bancorp IN now owns 10,636 shares of the real estate investment trust’s stock valued at $2,276,000 after purchasing an additional 305 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Shares of Public Storage (NYSE PSA) traded down 0.22% during trading on Wednesday, hitting $206.80. 168,798 shares of the company traded hands. The stock has a market cap of $35.98 billion, a price-to-earnings ratio of 29.50 and a beta of 0.44. Public Storage has a one year low of $192.15 and a one year high of $232.21. The firm has a 50 day moving average price of $213.05 and a 200-day moving average price of $210.39.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Tuesday, December 12th. Public Storage’s dividend payout ratio (DPR) is currently 116.79%.

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In other news, Director Ronald P. Spogli bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $200.59 per share, with a total value of $401,180.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 14.42% of the company’s stock.

Several analysts have recently commented on the stock. Jefferies Group LLC set a $210.00 price target on shares of Public Storage and gave the company a “hold” rating in a research report on Thursday, August 17th. FBR & Co set a $220.00 price target on shares of Public Storage and gave the company a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of Public Storage from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. BMO Capital Markets set a $193.00 price target on shares of Public Storage and gave the company a “sell” rating in a research report on Thursday, October 26th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $200.00 price target on shares of Public Storage in a research report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $212.45.

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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Institutional Ownership by Quarter for Public Storage (NYSE:PSA)

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