Twin Capital Management Inc. Has $681,000 Stock Holdings in Public Storage $PSA

Twin Capital Management Inc. trimmed its stake in shares of Public Storage (NYSE:PSA) by 54.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,357 shares of the real estate investment trust’s stock after selling 2,779 shares during the period. Twin Capital Management Inc.’s holdings in Public Storage were worth $681,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PSA. Harbor Asset Planning Inc. purchased a new stake in Public Storage during the second quarter valued at about $25,000. First Pacific Financial acquired a new stake in shares of Public Storage during the third quarter valued at approximately $26,000. Asset Dedication LLC lifted its position in shares of Public Storage by 111.1% in the 2nd quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 50 shares in the last quarter. NewSquare Capital LLC boosted its stake in Public Storage by 60.6% in the 2nd quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 40 shares during the period. Finally, Tradewinds Capital Management LLC acquired a new position in Public Storage in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PSA shares. Truist Financial boosted their target price on shares of Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $301.00 price target (down from $316.00) on shares of Public Storage in a research report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Public Storage in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft lowered Public Storage from a “buy” rating to a “hold” rating and set a $285.00 price objective for the company. in a research report on Tuesday, January 20th. Finally, Barclays set a $331.00 target price on Public Storage in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $306.63.

Public Storage Stock Up 1.5%

PSA opened at $287.05 on Friday. The company has a market capitalization of $50.37 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 7.47 and a beta of 1.01. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.45 and a quick ratio of 0.45. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $322.49. The business has a 50-day moving average of $273.30 and a 200-day moving average of $281.82.

Public Storage Company Profile

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.