Public Storage $PSA Stock Position Raised by Rakuten Investment Management Inc.
Rakuten Investment Management Inc. significantly increased its stake in Public Storage (NYSE:PSA) during the third quarter, adding 4,310 shares to hold a total of 30,151 shares valued at $8.6 million. This increase comes as Public Storage reported mixed quarterly results, missing EPS estimates but exceeding revenue forecasts. The company also announced a quarterly dividend of $3 per share, yielding 3.5%, and received a "Hold" consensus rating from analysts with an average price target of $325.79.
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