APG Asset Management US Inc. lessened its holdings in Public Storage (NYSE:PSA) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,365,023 shares of the real estate investment trust’s stock after selling 198,500 shares during the quarter. Public Storage accounts for approximately 7.5% of APG Asset Management US Inc.’s investment portfolio, making the stock its 4th biggest position. APG Asset Management US Inc.’s holdings in Public Storage were worth $912,290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSA. Cable Hill Partners LLC boosted its holdings in shares of Public Storage by 139.9% during the 3rd 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. boosted its holdings in shares of Public Storage by 23.8% during the 2nd 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 shares of Public Storage during the 2nd quarter valued at $198,000. IHT Wealth Management LLC boosted its holdings in shares of Public Storage by 43.0% during the 2nd 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. Finally, Prudential PLC acquired a new stake in shares of Public Storage during the 2nd quarter valued at $200,000. 80.65% of the stock is currently owned by institutional investors.

In related news, Director Gary E. Pruitt sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $212.09, for a total value of $1,060,450.00. Following the completion of the sale, the director now directly owns 8,350 shares of the company’s stock, valued at approximately $1,770,951.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Reyes sold 60,000 shares of the business’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 disclosure for this sale can be found here. Company insiders own 14.42% of the company’s stock.

Several brokerages have commented on PSA. Barclays reaffirmed a “hold” rating and set a $207.00 target price on shares of Public Storage in a report on Thursday, October 19th. BMO Capital Markets set a $193.00 target price on Public Storage and gave the stock a “sell” rating in a report on Thursday, October 26th. FBR & Co set a $220.00 target price on Public Storage and gave the stock a “hold” rating in a report on Thursday, October 26th. SunTrust Banks reaffirmed a “hold” rating and set a $200.00 target price on shares of Public Storage in a report on Friday, October 27th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Public Storage in a report on Wednesday, November 1st. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Public Storage presently has an average rating of “Hold” and a consensus target price of $209.38.

Public Storage (PSA) traded up $0.31 during mid-day trading on Monday, hitting $193.56. The stock had a trading volume of 646,100 shares, compared to its average volume of 854,515. Public Storage has a 1 year low of $192.15 and a 1 year high of $232.21. The company has a market cap of $33,600.00, a price-to-earnings ratio of 28.30, a PEG ratio of 4.00 and a beta of 0.44.

Public Storage (NYSE:PSA) last posted its quarterly earnings data 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 return on equity of 27.78% and a net margin of 52.48%. The business had revenue of $686.36 million during the quarter, compared to the consensus estimate of $684.56 million. research analysts forecast that Public Storage will post 10.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 12th. Public Storage’s dividend payout ratio (DPR) is presently 116.96%.

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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.

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

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