Ausdal Financial Partners Inc. Sells 60 Shares of Public Storage (PSA)

Ausdal Financial Partners Inc. decreased its position in Public Storage (NYSE:PSA) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 892 shares of the real estate investment trust’s stock after selling 60 shares during the period. Ausdal Financial Partners Inc.’s holdings in Public Storage were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of Public Storage by 1.2% in the second quarter. Quadrant Capital Group LLC now owns 516 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 6 shares during the period. Concert Wealth Management Inc. raised its position in shares of Public Storage by 0.8% in the second quarter. Concert Wealth Management Inc. now owns 2,765 shares of the real estate investment trust’s stock worth $710,000 after buying an additional 21 shares during the period. Washington Trust Bank raised its position in shares of Public Storage by 7.4% in the second quarter. Washington Trust Bank now owns 420 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 29 shares during the period. Capital Analysts LLC raised its position in shares of Public Storage by 1.1% in the second quarter. Capital Analysts LLC now owns 3,244 shares of the real estate investment trust’s stock worth $829,000 after buying an additional 34 shares during the period. Finally, Blue Fin Capital Inc. raised its position in shares of Public Storage by 4.0% in the second quarter. Blue Fin Capital Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 109 shares during the period. 77.98% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Public Storage (NYSE:PSA) traded up 0.50% during mid-day trading on Friday, reaching $215.30. The company’s stock had a trading volume of 322,879 shares. The company has a 50-day moving average of $219.19 and a 200-day moving average of $243.81. The firm has a market cap of $37.33 billion, a PE ratio of 34.07 and a beta of 0.61. Public Storage has a 12 month low of $207.06 and a 12 month high of $277.60.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.40 by $0.06. The firm had revenue of $634.20 million for the quarter, compared to the consensus estimate of $607.28 million. Public Storage had a return on equity of 25.44% and a net margin of 52.53%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.17 EPS. On average, analysts predict that Public Storage will post $9.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Monday, September 12th. Public Storage’s payout ratio is 113.92%.

A number of brokerages recently issued reports on PSA. Jefferies Group dropped their target price on shares of Public Storage from $270.00 to $245.00 and set a “hold” rating on the stock in a research report on Wednesday, August 10th. Bank of America Corp. lowered shares of Public Storage from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. KeyCorp lowered shares of Public Storage from a “sector weight” rating to an “underweight” rating and set a $230.00 price target on the stock. in a report on Friday, July 15th. FBR & Co began coverage on shares of Public Storage in a report on Thursday, June 23rd. They issued a “market perform” rating and a $250.00 price target on the stock. Finally, Evercore ISI raised shares of Public Storage from a “sell” rating to a “hold” rating and set a $228.00 price target on the stock in a report on Monday, August 22nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $243.24.

In related news, insider John Reyes sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $215.41, for a total value of $6,462,300.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 14.20% of the company’s stock.

Public Storage Company Profile

Public Storage is a real estate investment trust. The Company’s 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.

5 Day Chart for NYSE:PSA

Want to see what other hedge funds are holding PSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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

President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Disney to Build Larger Hong Kong Kingdom
Disney to Build Larger Hong Kong Kingdom


 
© 2006-2016 Ticker Report. Google+.