Public Storage (PSA): B Wayne Jr Hughes , director 10% owner of Public Storage purchased 22,100 shares on Jun 8, 2016. The Insider buying transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $252.42 per share for a total value of $5,578,550.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, Candace N. Krol (CHRO & SVP) sold 3,000 shares at $263.50 per share price.On Mar 4, 2016, David F Doll (SENIOR VICE PRESIDENT) sold 20,000 shares at $252.25 per share price.Also, On Dec 16, 2015, John Reyes (SENIOR VICE PRESIDENT / CFO) sold 25,000 shares at $248.50 per share price.On Dec 14, 2015, B Wayne Et Al Hughes (10% owner other) sold 420 shares at $241.27 per share price.
Shares of Public Storage (PSA) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -6.57 points or -2.61% at $245.43 with 15,24,698 shares getting traded. Post opening the session at $250.35, the shares hit an intraday low of $244.38 and an intraday high of $252.78 and the price vacillated in this range throughout the day. The company has a market cap of $42,553 M and the number of outstanding shares has been calculated to be 17,33,82,030 shares. The 52-week high of Public Storage is $277.6 and the 52-week low is $182.08.
On Apr 26, 2016, Public Storage announced a cash dividend of $1.8000. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.
Company has been under the radar of several Street Analysts.Public Storage is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 243 from a previous price target of $235 .The Rating was issued on May 11, 2016.Public Storage is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 253 from a previous price target of $251 .The Rating was issued on May 2, 2016.Public Storage is Downgraded by Goldman to Sell. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 25, 2016.
Public Storage (the Trust) is a real estate investment trust (REIT). The Trusts principal business activities include Domestic Self-Storage European Self-Storage and Commercial. The Trust acquires develops owns and operates self-storage facilities which offer storage spaces for lease on a month-to-month basis for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name. The Trust has an around 49% equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe) which owns approximately 192 self-storage facilities (10 million net rentable square feet of space) located in seven countries in Western Europe operated under the Shurgard brand name. The Trust has an around 42% equity interest in PS Business Parks Inc. (PSB) a publicly held REIT which owns and operates around 28.6 million net rentable square feet of commercial space.