SG Americas Securities LLC Decreases Position in Public Storage (PSA)

SG Americas Securities LLC lowered its stake in Public Storage (NYSE:PSA) by 55.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 21,005 shares of the real estate investment trust’s stock after selling 25,842 shares during the period. SG Americas Securities LLC’s holdings in Public Storage were worth $4,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new position in Public Storage in the 2nd quarter valued at about $105,000. Northwestern Mutual Wealth Management Co. grew its stake in Public Storage by 15.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 566 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 75 shares during the last quarter. Johnson Financial Group Inc. grew its stake in Public Storage by 274.4% in the 2nd quarter. Johnson Financial Group Inc. now owns 614 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 450 shares during the last quarter. Cable Hill Partners LLC grew its stake in Public Storage by 139.9% in the 3rd quarter. Cable Hill Partners LLC now owns 787 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 459 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in Public Storage by 23.8% in the 2nd quarter. D.A. Davidson & CO. now owns 885 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

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Shares of Public Storage (NYSE PSA) traded down $0.36 during trading hours on Monday, reaching $211.49. 22,478 shares of the company traded hands, compared to its average volume of 853,538. The company has a market cap of $36,870.00, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 4.42 and a beta of 0.43. Public Storage has a fifty-two week low of $192.15 and a fifty-two week high of $232.21.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 13th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Tuesday, December 12th. Public Storage’s payout ratio is 116.96%.

A number of research analysts have issued reports on the stock. B. Riley set a $220.00 target price on shares of Public Storage and gave the stock a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks, Inc. restated a “hold” rating and set a $200.00 target price on shares of Public Storage in a research report on Friday, October 27th. FBR & Co set a $220.00 target price on shares of Public Storage and gave the stock a “hold” rating in a research report on Thursday, October 26th. BMO Capital Markets set a $193.00 target price on shares of Public Storage and gave the stock a “sell” rating in a research report on Thursday, October 26th. Finally, Barclays PLC restated a “hold” rating and set a $207.00 target price on shares of Public Storage in a research report on Thursday, October 19th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $213.08.

Public Storage Company 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.

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

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