Krilogy Financial LLC Purchases Shares of 2,548 Public Storage $PSA

Krilogy Financial LLC acquired a new position in Public Storage (NYSE:PSAFree Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,548 shares of the real estate investment trust’s stock, valued at approximately $711,000.

Several other large investors have also made changes to their positions in the business. Harbor Asset Planning Inc. acquired a new stake in Public Storage in the 2nd quarter valued at approximately $25,000. First Pacific Financial acquired a new position in shares of Public Storage during the third quarter worth approximately $26,000. Asset Dedication LLC boosted its position in shares of Public Storage by 111.1% in the second 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 during the period. NewSquare Capital LLC grew its stake in shares of Public Storage by 60.6% in the second quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 40 shares during the last quarter. Finally, Tradewinds Capital Management LLC bought a new position in Public Storage during the third quarter worth $33,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Stock Up 2.8%

Shares of NYSE PSA opened at $300.55 on Friday. The stock has a market cap of $52.74 billion, a PE ratio of 33.32, a PEG ratio of 9.91 and a beta of 1.01. Public Storage has a 52-week low of $256.54 and a 52-week high of $322.49. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.45 and a current ratio of 0.45. The business has a fifty day moving average of $275.29 and a two-hundred day moving average of $282.08.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wolfe Research downgraded shares of Public Storage from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. Barclays set a $331.00 price objective on shares of Public Storage in a research report on Tuesday, January 13th. UBS Group decreased their target price on Public Storage from $293.00 to $276.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. 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 research note on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded 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. Two 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. Based on data from MarketBeat.com, Public Storage currently has an average rating of “Hold” and an average price target of $306.63.

Get Our Latest Research Report on PSA

More Public Storage News

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

Public Storage 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

Want to see what other hedge funds are holding PSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Storage (NYSE:PSAFree Report).

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

Receive News & Ratings for Public Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Storage and related companies with MarketBeat.com's FREE daily email newsletter.