Public Storage (PSA) Shares Bought by Security National Trust Co.

Security National Trust Co. raised its holdings in shares of Public Storage (NYSE:PSA) by 188.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,007 shares of the real estate investment trust’s stock after buying an additional 1,963 shares during the quarter. Security National Trust Co.’s holdings in Public Storage were worth $644,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PSA. Capital World Investors lifted its holdings in shares of Public Storage by 93.3% during the second quarter. Capital World Investors now owns 4,036,000 shares of the real estate investment trust’s stock worth $841,627,000 after buying an additional 1,948,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Public Storage by 3.4% during the second quarter. Vanguard Group Inc. now owns 22,057,097 shares of the real estate investment trust’s stock worth $4,599,567,000 after buying an additional 727,573 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Public Storage by 3,791.5% during the second quarter. Epoch Investment Partners Inc. now owns 641,789 shares of the real estate investment trust’s stock worth $133,832,000 after buying an additional 625,297 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Public Storage by 20.5% during the second quarter. JPMorgan Chase & Co. now owns 3,161,559 shares of the real estate investment trust’s stock worth $659,280,000 after buying an additional 537,289 shares during the last quarter. Finally, Koch Industries Inc. lifted its holdings in shares of Public Storage by 49,832.6% during the second quarter. Koch Industries Inc. now owns 525,291 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 524,239 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Shares of Public Storage (PSA) traded down $1.82 during trading hours on Monday, reaching $211.85. The company’s stock had a trading volume of 681,500 shares, compared to its average volume of 853,538. Public Storage has a 52-week low of $192.15 and a 52-week high of $232.21. The company has a market capitalization of $36,870.00, a PE ratio of 21.38, a price-to-earnings-growth ratio of 4.42 and a beta of 0.43.

The business 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 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Tuesday, December 12th. Public Storage’s dividend payout ratio (DPR) is 116.96%.

PSA has been the topic of a number of research reports. Argus lowered their price objective on Public Storage from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, August 1st. Jefferies Group LLC set a $210.00 price objective on Public Storage and gave the company a “hold” rating in a research report on Thursday, August 17th. Barclays PLC restated a “hold” rating and set a $207.00 price objective on shares of Public Storage in a research report on Thursday, October 19th. Zacks Investment Research upgraded Public Storage from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $200.00 price objective on shares of Public Storage in a research report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Public Storage has a consensus rating of “Hold” and a consensus target price of $213.08.

TRADEMARK VIOLATION WARNING: “Public Storage (PSA) Shares Bought by Security National Trust Co.” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://stocknewstimes.com/2017/11/20/public-storage-psa-shares-bought-by-security-national-trust-co.html.

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)

Receive News & Ratings for Public Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Storage and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply