Aberdeen Group plc Cuts Stake in Public Storage $PSA

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Aberdeen Group plc reduced its stake in Public Storage (NYSE:PSA) by 1.3% in Q4, selling 4,455 shares to hold 341,725 shares worth $88.68 million. While institutional investors own a significant portion of the stock, analyst opinions are mixed, with a consensus “Hold” rating and an average price target of $306.53. Public Storage offers an attractive 4.3% dividend yield, but its high payout ratio of 133.04% raises questions about sustainability.

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