Pershing Square Inc. (NYSE:PS – Get Free Report) announced a quarterly dividend on Thursday, July 2nd. Stockholders of record on Monday, July 13th will be paid a dividend of 0.122 per share on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, July 13th.
Pershing Square Stock Performance
PS stock opened at $32.53 on Friday. The firm’s 50 day moving average price is $35.89. Pershing Square has a 12-month low of $22.01 and a 12-month high of $54.94. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of -40.21 and a beta of 2.27.
Analysts Set New Price Targets
PS has been the topic of several research reports. Citigroup began coverage on shares of Pershing Square in a research note on Tuesday, May 26th. They set a “buy” rating and a $50.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Pershing Square in a report on Monday, May 25th. They set a “hold” rating and a $40.00 price target for the company. Loop Capital initiated coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They issued a “buy” rating and a $49.00 price objective on the stock. Royal Bank Of Canada assumed coverage on Pershing Square in a research report on Tuesday, May 26th. They issued a “sector perform” rating and a $40.00 target price on the stock. Finally, Wells Fargo & Company initiated coverage on shares of Pershing Square in a report on Tuesday, May 26th. They issued an “equal weight” rating and a $37.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $42.43.
About Pershing Square
Pershing Square (NYSE: PS) is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William “Bill” Ackman. The vehicle provides outside investors with exposure to the firm’s concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.
The company’s principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.
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