Public Storage (NYSE:PSA) Stock Holdings Increased by Trilogy Capital Inc.

Trilogy Capital Inc. grew its position in shares of Public Storage (NYSE:PSA) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,255 shares of the real estate investment trust’s stock after buying an additional 367 shares during the period. Trilogy Capital Inc.’s holdings in Public Storage were worth $2,771,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in Public Storage in the third quarter worth $34,000. Ashton Thomas Securities LLC acquired a new position in shares of Public Storage in the 3rd quarter valued at about $38,000. Synergy Asset Management LLC acquired a new stake in Public Storage during the fourth quarter worth about $38,000. Compagnie Lombard Odier SCmA bought a new position in Public Storage in the third quarter worth about $50,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Public Storage in the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

PSA has been the topic of a number of recent research reports. Truist Financial raised their target price on Public Storage from $306.00 to $340.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Wells Fargo & Company reduced their target price on shares of Public Storage from $375.00 to $365.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Public Storage from a “sell” rating to a “hold” rating and raised their price target for the company from $298.00 to $299.00 in a research note on Friday, January 10th. Evercore ISI reduced their price objective on Public Storage from $343.00 to $338.00 and set an “in-line” rating for the company in a research report on Monday, October 14th. Finally, Barclays lowered their target price on Public Storage from $380.00 to $361.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $344.54.

Public Storage Price Performance

Shares of Public Storage stock opened at $302.13 on Thursday. Public Storage has a 52 week low of $256.31 and a 52 week high of $369.99. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.77. The company’s 50-day moving average price is $306.96 and its two-hundred day moving average price is $325.76. The stock has a market cap of $52.91 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 4.81 and a beta of 0.74.

Insider Buying and Selling

In other Public Storage news, insider Nathaniel A. Vitan sold 450 shares of Public Storage stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $317.99, for a total transaction of $143,095.50. Following the transaction, the insider now directly owns 2,364 shares in the company, valued at approximately $751,728.36. The trade was a 15.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.10% of the company’s stock.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.