Public Storage $PSA Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. lessened its holdings in shares of Public Storage (NYSE:PSA) by 54.1% in the third quarter, according to the company in its most recent 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Public Storage in the 2nd quarter worth approximately $1,153,971,000. AQR Capital Management LLC increased its position in Public Storage by 498.7% in the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after buying an additional 481,872 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Public Storage in the second quarter valued at $94,297,000. 1832 Asset Management L.P. boosted its holdings in shares of Public Storage by 375.7% during the second quarter. 1832 Asset Management L.P. now owns 389,169 shares of the real estate investment trust’s stock valued at $114,190,000 after acquiring an additional 307,357 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Public Storage by 1,158.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 153,878 shares of the real estate investment trust’s stock worth $45,151,000 after acquiring an additional 141,651 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PSA. Wolfe Research lowered shares of Public Storage from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Truist Financial boosted their price objective on Public Storage from $315.00 to $317.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada lowered their target price on Public Storage from $309.00 to $307.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. The Goldman Sachs Group cut their target price on Public Storage from $332.00 to $321.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Finally, BMO Capital Markets decreased their price target on Public Storage from $320.00 to $305.00 and set a “market perform” rating for the company in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $306.63.

Public Storage Price Performance

NYSE:PSA opened at $287.05 on Friday. The business’s 50-day moving average price is $273.30 and its 200 day moving average price is $281.82. The firm has a market cap of $50.37 billion, a P/E ratio of 29.81, a PEG ratio of 7.47 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 quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.99.

Public Storage 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.