2 weeks Ago By ABMN Staff
Pathstone Holdings LLC lowered its holdings in Public Storage ( NYSE:PSA – Free Report ) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,585 shares of the real estate investment trust’s stock after selling 73 shares during the period.
Pathstone Holdings LLC’s holdings in Public Storage were worth $4,215,000 as of its most recent SEC filing. Several other institutional investors have also recently added to or reduced their stakes in PSA. Manning & Napier Advisors LLC purchased a new stake in Public Storage in the 2nd quarter valued at about $14,301,000.
Allspring Global Investments Holdings LLC increased its position in Public Storage by 1.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 142,255 shares of the real estate investment trust’s stock worth $51,762,000 after purchasing an additional 2,605 shares during the last quarter.
PGGM Investments increased its position in Public Storage by 8.0% during the second quarter. PGGM Investments now owns 167,431 shares of the real estate investment trust’s stock worth $48,162,000 after purchasing an additional 12,396 shares during the last quarter.
Swedbank AB purchased a new position in Public Storage during the first quarter worth approximately $17,465,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Public Storage by 15.
6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 20,566 shares of the real estate investment trust’s stock valued at $5,916,000 after purchasing an additional 2,770 shares during the last quarter.
78.79% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several research analysts recently weighed in on PSA shares.
Scotiabank increased their target price on Public Storage from $308.00 to $339.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 22nd.
Wolfe Research upgraded Public Storage to a “strong-buy” rating in a report on Wednesday, September 4th. Jefferies Financial Group lifted their price objective on Public Storage from $360.00 to $422.
00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Truist Financial downgraded shares of Public Storage from a “buy” rating to a “hold” rating and set a $306.00 target price for the company.
in a research report on Thursday, August 1st. Finally, Bank of America cut shares of Public Storage from a “buy” rating to a “neutral” rating and set a $318.00 price target on the stock.
in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.64. Public Storage Stock Performance Shares of PSA stock opened at $337.
58 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.
97 and a quick ratio of 0.97. The company’s fifty day moving average price is $343.
82 and its two-hundred day moving average price is $316.69. The firm has a market capitalization of $59.
11 billion, a P/E ratio of 35.06, a P/E/G ratio of 5.59 and a beta of 0.
70. Public Storage has a 12 month low of $251.49 and a 12 month high of $369.
99. Public Storage Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a $3.
00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 3.
55%. The ex-dividend date is Friday, December 13th. Public Storage’s dividend payout ratio is currently 124.
61%. About Public Storage ( Free Report ) 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.
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