Public Storage $PSA Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in shares of Public Storage (NYSE:PSAFree Report) by 0.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 369,203 shares of the real estate investment trust’s stock after acquiring an additional 1,699 shares during the period. HighTower Advisors LLC’s holdings in Public Storage were worth $106,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. National Pension Service boosted its position in shares of Public Storage by 4.2% in 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 purchasing an additional 10,345 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of Public Storage by 57.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock worth $1,437,000 after buying an additional 1,816 shares during the period. Cornerstone Planning Group LLC raised its holdings in shares of 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 acquiring an additional 11,694 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Public Storage by 19.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock valued at $11,766,000 after acquiring an additional 6,814 shares in the last quarter. Finally, Vanderbilt University boosted its stake in Public Storage by 103.1% in the 3rd 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 currently owned by institutional investors.

Public Storage News Roundup

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

Public Storage Price Performance

Shares of PSA opened at $300.55 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $52.73 billion, a PE ratio of 33.32, a PEG ratio of 10.24 and a beta of 1.01. Public Storage has a twelve month low of $256.54 and a twelve month high of $322.49. The firm’s 50 day moving average price is $275.29 and its 200 day moving average price is $281.95.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PSA. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a report on Thursday, January 22nd. BNP Paribas Exane reduced their price objective on Public Storage from $329.00 to $315.00 in a research note on Tuesday, December 23rd. Wells Fargo & Company downgraded Public Storage from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $330.00 to $295.00 in a report on Thursday, February 5th. Mizuho decreased their price target on shares of Public Storage from $310.00 to $285.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Bank of America lowered shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price objective on the stock. in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $306.63.

Check Out Our Latest Research Report on Public Storage

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.

Further Reading

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

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