Public Storage (NYSE:PSA) shares canceled by ProShare Advisors LLC

Financial Advisors


ProShare Advisors LLC increased its stake in Public Storage (NYSE:PSA – Get Rating) by 3.6% in the fourth quarter, according to its latest disclosure to the SEC. The fund owned his 44,863 shares of real estate investment trust stock after he purchased an additional 1,546 shares during the quarter. ProShare Advisors LLC’s holdings in public storage were valued at $12,570,000 as of the latest SEC filing.

Several other hedge funds and other institutional investors have also recently changed their holdings in the company. AMI Investment Management Inc. purchased a new position in Public Storage worth approximately $267,000 in the first quarter. Blair William & Co. IL increased his Public Storage holdings by 7.3% in the first quarter. Blair William & Co. IL now owns 2,668 real estate investment trust shares worth $1,041,000 after purchasing an additional 182 shares last quarter. Prudential PLC acquired a new stake in Public Storage worth approximately $1,374,000 in the first quarter. Sequoia Financial Advisors LLC purchased new shares of Public Storage for $398,000 in the first quarter. Finally, Candriam Luxembourg SCA boosted its position in Public Storage by 19.0% in the first quarter. Candriam Luxembourg SCA now owns 13,506 real estate investment trust shares valued at $5,271,000 after acquiring a further 2,156 shares during this period. Institutional investors and hedge funds own 77.88% of the company’s shares.

Stock performance of public storage

NYSE:PSA opened Friday at $287.64. The company has a 50-day moving average of $297.19 and a 200-day moving average of $293.70. The company has a market capitalization of $50.56 billion, a price/earnings ratio of 12.25, a price/earnings ratio of 2.88 and a beta of 0.45. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt to equity ratio of 1.18. Public Storage has a 12-month low of $270.13 and a 12-month high of $421.76.

Public Storage (NYSE:PSA – Get Rating) last reported its earnings on Tuesday, Feb. 21. The real estate investment trust reported his $2.06 per share earnings for the quarter, missing analyst consensus expectations of $3.99 ($1.93). The business made $1.09 billion in revenue for the quarter, while consensus was expecting $1.07 billion. Public Storage’s return on equity was 72.77% and net profit margin was 101.60%. The company’s quarterly revenue increased 17.8% year-on-year. During the same quarter last year, the business posted earnings of $3.54 per share for him. Analysts expect Public Storage to post earnings per share of 16.79 for the current fiscal year.

Public storage increases dividends

The company recently announced a quarterly dividend, which was paid out on Thursday, March 30. A dividend of $3.00 was issued to investors of record on Wednesday, March 15th. This represents his $12.00 dividend and his 4.17% dividend yield on an annual basis. This is an increase from Public Storage’s previous quarterly dividend of $2.00. The ex-dividend date was Tuesday, March 14. The public storage payout percentage is currently 51.09%.

Wall Street Analyst Predicts Growth

A number of research analysts have recently commented on the company. StockNews.com began covering Public Storage with a report on Thursday, March 16th. They put a “Hold” rating on the stock. Raymond James downgraded Public Storage’s stock from an “outperform” rating to a “performs the market” rating in a research report on Monday, Jan. 9. Five equity research his analysts gave the company’s stock a hold rating and four issued a buy rating. Based on MarketBeat data, the company’s current consensus rating is Hold, with an average price target of $353.78.

About public storage

(get rating)

Public Storage operates as a real estate investment trust and is engaged in acquiring, developing, owning and operating self-storage facilities. It operates through the following segments: self-storage operations, ancillary operations, and other items. The self-storage operating segment reflects rental business from all self-storage facilities.

References

Want to know which other hedge funds hold PSAs? Visit HoldingsChannel.com to get the latest Public Storage (NYSE:PSA – Get Rating) 13F filings and insider trading.

Public Storage Quarterly Institutional Owned (NYSE:PSA)

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