Dynamic Advisor Solutions LLC Sells 1,970 Shares of Public Storage $PSA

Dynamic Advisor Solutions LLC lowered its position in shares of Public Storage (NYSE:PSA) by 19.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,936 shares of the real estate investment trust’s stock after selling 1,970 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Public Storage were worth $2,059,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in Public Storage by 13.3% in the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 373 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Public Storage in the 2nd quarter valued at $929,000. Journey Strategic Wealth LLC bought a new stake in shares of Public Storage in the 2nd quarter valued at $265,000. AlphaCore Capital LLC increased its position in shares of Public Storage by 102.6% in the 2nd quarter. AlphaCore Capital LLC now owns 952 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 482 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in Public Storage during the 2nd quarter worth $4,697,000. Institutional investors own 78.79% of the company’s stock.

Analysts Set New Price Targets

PSA has been the topic of several recent analyst reports. UBS Group reduced their target price on Public Storage from $293.00 to $276.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Barclays increased their price target on Public Storage from $331.00 to $347.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft lowered Public Storage from a “buy” rating to a “hold” rating and set a $285.00 price objective for the company. in a research report on Tuesday, January 20th. Finally, BNP Paribas Exane lowered their target price on Public Storage from $329.00 to $315.00 in a research note on Tuesday, December 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Public Storage has a consensus rating of “Hold” and an average price target of $306.53.

Public Storage Price Performance

Shares of NYSE PSA opened at $268.05 on Wednesday. The company has a fifty day moving average price of $291.76 and a 200 day moving average price of $283.97. The firm has a market cap of $47.05 billion, a PE ratio of 29.72, a PEG ratio of 5.48 and a beta of 0.99. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.05. Public Storage has a 1-year low of $256.54 and a 1-year high of $312.95.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, March 16th. Public Storage’s dividend payout ratio is currently 133.04%.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.