A Major Shareholder at Public Storage (PSA) is Selling Shares
Yesterday, a Major Shareholder at Public Storage (PSA), Hughes B Wayne Et Al, sold shares of PSA for $10.24M.
Following Hughes B Wayne Et Al’s last PSA Sell transaction on December 14, 2015, the stock climbed by 36.8%. This is Al’s first transaction since reporting a Buy transaction on AMH back in November 2018
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Based on Public Storage’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $711 million and quarterly net profit of $369 million. In comparison, last year the company earned revenue of $686 million and had a net profit of $402 million. PSA’s market cap is $45.17B and the company has a P/E ratio of 30.87. Currently, Public Storage has an average volume of 633.1K.
Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $215.00, reflecting a -16.9% downside.
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