MSH Capital Advisors LLC Acquires New Holdings in Public Storage $PSA

MSH Capital Advisors LLC bought a new position in Public Storage (NYSE:PSAFree Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,783 shares of the real estate investment trust’s stock, valued at approximately $515,000.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new position in shares of Public Storage in the 2nd quarter worth $25,000. First Pacific Financial bought a new position in Public Storage in the third quarter valued at about $26,000. Asset Dedication LLC boosted its position in Public Storage by 111.1% in the second quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 50 shares during the last quarter. NewSquare Capital LLC boosted its position in 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 purchasing an additional 40 shares during the last quarter. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Public Storage during the 3rd quarter valued at about $33,000. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Bank of America cut 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. Truist Financial increased their price target on shares of Public Storage from $315.00 to $317.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research note on Thursday, January 22nd. Evercore cut their price objective on shares of Public Storage from $309.00 to $305.00 in a research report on Monday, January 12th. Finally, The Goldman Sachs Group reduced their price objective on Public Storage from $332.00 to $321.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $306.63.

Read Our Latest Research Report on PSA

Public Storage Stock Performance

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 price-to-earnings-growth ratio of 9.91 and a beta of 1.01. Public Storage has a 1 year low of $256.54 and a 1 year high of $322.49. The firm has a fifty day moving average price of $275.29 and a 200-day moving average price of $282.08. 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 News Summary

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

About Public Storage

(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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