Krilogy Financial LLC Takes Position in Public Storage $PSA

Krilogy Financial LLC bought a new stake in shares of Public Storage (NYSE:PSAFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,548 shares of the real estate investment trust’s stock, valued at approximately $711,000.

Other hedge funds have also recently bought and sold shares of the company. National Pension Service increased its holdings in shares of Public Storage by 4.2% in the 3rd quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock valued at $73,743,000 after purchasing an additional 10,345 shares during the period. J.W. Cole Advisors Inc. increased its stake in Public Storage by 57.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock valued at $1,437,000 after buying an additional 1,816 shares during the period. Cornerstone Planning Group LLC lifted its position in Public Storage by 14,992.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock worth $3,400,000 after buying an additional 11,694 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Public Storage by 19.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock valued at $11,766,000 after buying an additional 6,814 shares during the period. Finally, Vanderbilt University grew its holdings in shares of Public Storage by 103.1% during the 3rd quarter. Vanderbilt University now owns 9,112 shares of the real estate investment trust’s stock valued at $2,632,000 after acquiring an additional 4,626 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PSA has been the subject of several recent research reports. BNP Paribas Exane cut their price objective on Public Storage from $329.00 to $315.00 in a report on Tuesday, December 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $301.00 price target (down from $316.00) on shares of Public Storage in a research note on Thursday, December 18th. Bank of America lowered Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price target for the company. in a report on Thursday, February 5th. Wells Fargo & Company cut Public Storage from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. Finally, Evercore cut their price objective on shares of Public Storage from $309.00 to $305.00 in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $306.63.

View Our Latest Report on Public Storage

Public Storage Stock Up 2.8%

PSA opened at $300.55 on Friday. The firm has a market cap of $52.74 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 9.91 and a beta of 1.01. 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 50 day moving average price of $275.29 and a 200 day moving average price of $282.08. Public Storage has a twelve month low of $256.54 and a twelve month high of $322.49.

Trending Headlines about Public Storage

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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

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

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