Public Sector Pension Investment Board Acquires 23,302 Shares of Public Storage $PSA

Public Sector Pension Investment Board grew its holdings in Public Storage (NYSE:PSAFree Report) by 71.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,821 shares of the real estate investment trust’s stock after purchasing an additional 23,302 shares during the period. Public Sector Pension Investment Board’s holdings in Public Storage were worth $16,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service lifted its position in shares of Public Storage by 4.2% during the 3rd quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock valued at $73,743,000 after buying an additional 10,345 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in Public Storage by 57.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock worth $1,437,000 after acquiring an additional 1,816 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Public Storage by 14,992.3% during the third quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock valued at $3,400,000 after purchasing an additional 11,694 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Public Storage by 19.9% in the third quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock worth $11,766,000 after purchasing an additional 6,814 shares during the period. Finally, Vanderbilt University boosted its position in shares of Public Storage by 103.1% in the third quarter. Vanderbilt University now owns 9,112 shares of the real estate investment trust’s stock worth $2,632,000 after purchasing an additional 4,626 shares during the period. 78.79% of the stock is owned by institutional investors.

Public Storage Trading Up 2.8%

Shares of PSA stock opened at $300.55 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $52.73 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 10.18 and a beta of 1.01. Public Storage has a 12-month low of $256.54 and a 12-month high of $322.49. The stock’s 50-day moving average price is $275.29 and its 200-day moving average price is $282.00.

Public Storage News Summary

Here are the key news stories impacting Public Storage this week:

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 target price on the stock. in a research note on Tuesday, January 20th. Wolfe Research lowered Public Storage from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Evercore cut their target price on Public Storage from $309.00 to $305.00 in a research report on Monday, January 12th. Raymond James Financial lowered their price target on Public Storage from $350.00 to $330.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 18th. Finally, Royal Bank Of Canada lowered their price target on Public Storage from $309.00 to $307.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Public Storage presently has an average rating of “Hold” and a consensus price target of $306.63.

View Our Latest Analysis on PSA

Public Storage Company Profile

(Free Report)

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.

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Institutional Ownership by Quarter for Public Storage (NYSE:PSA)

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