Public Storage (PSA) Stake Increased by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in shares of Public Storage (NYSE:PSA) by 34.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,384 shares of the real estate investment trust’s stock after acquiring an additional 35,776 shares during the period. Janus Henderson Group PLC owned approximately 0.08% of Public Storage worth $29,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of PSA. Bessemer Group Inc. bought a new stake in shares of Public Storage during the 2nd quarter worth approximately $105,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Public Storage by 15.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 566 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 75 shares during the period. Johnson Financial Group Inc. lifted its holdings in shares of Public Storage by 274.4% during the 2nd quarter. Johnson Financial Group Inc. now owns 614 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 450 shares during the period. Cable Hill Partners LLC lifted its stake in Public Storage by 139.9% in the 3rd 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. Finally, D.A. Davidson & CO. lifted its stake in Public Storage by 23.8% in the 2nd quarter. D.A. Davidson & CO. now owns 885 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 170 shares during the last quarter. 80.64% of the stock is owned by institutional investors.

Public Storage (PSA) opened at $205.15 on Thursday. Public Storage has a 12-month low of $192.15 and a 12-month high of $232.21. The stock has a market cap of $36,237.08, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 4.46 and a beta of 0.43.

The firm also recently declared 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 3.90%. The ex-dividend date of this dividend is Tuesday, December 12th. Public Storage’s dividend payout ratio (DPR) is currently 116.79%.

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

Several equities analysts recently commented on PSA shares. B. Riley reissued a “neutral” rating on shares of Public Storage in a research note on Wednesday, November 1st. Bank of America downgraded shares of Public Storage from a “neutral” rating to an “underperform” rating and set a $212.00 price objective for the company. in a research note on Monday, December 4th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Public Storage from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Barclays reissued a “hold” rating and issued a $207.00 price objective on shares of Public Storage in a research note on Thursday, October 19th. Finally, BMO Capital Markets started coverage on shares of Public Storage in a research note on Monday, September 11th. They issued an “underperform” rating and a $193.00 price objective for the company. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $209.38.

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Public Storage Profile

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.

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

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