Public Storage $PSA Shares Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd grew its holdings in Public Storage (NYSE:PSA) by 777.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,605 shares of the real estate investment trust’s stock after purchasing an additional 2,308 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Public Storage were worth $752,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PSA. Empowered Funds LLC increased its position in Public Storage by 13.3% during the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 373 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Public Storage in the second quarter valued at $929,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Public Storage by 5.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,555 shares of the real estate investment trust’s stock valued at $2,510,000 after acquiring an additional 424 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Public Storage by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 167,974 shares of the real estate investment trust’s stock worth $49,287,000 after purchasing an additional 4,312 shares in the last quarter. Finally, Howard Capital Management Inc. raised its stake in Public Storage by 10.4% in the 2nd quarter. Howard Capital Management Inc. now owns 1,000 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 94 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Public Storage from $309.00 to $307.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft lowered shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 target price on the stock. in a research report on Tuesday, January 20th. Wolfe Research downgraded Public Storage from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. The Goldman Sachs Group restated a “buy” rating and set a $330.00 price objective on shares of Public Storage in a report on Friday, February 20th. Finally, Wells Fargo & Company downgraded Public Storage from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $330.00 to $295.00 in a research report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $307.00.

Public Storage Stock Up 1.4%

Shares of NYSE:PSA opened at $303.49 on Friday. The stock has a 50-day simple moving average of $281.23 and a 200-day simple moving average of $283.28. The stock has a market capitalization of $53.27 billion, a P/E ratio of 33.65, a PEG ratio of 6.07 and a beta of 1.01. Public Storage has a 1 year low of $256.54 and a 1 year high of $322.49. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.75 and a current ratio of 0.75.

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. Public Storage’s dividend payout ratio (DPR) is currently 133.04%.

About Public Storage

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.