Slow Capital Inc. Has $2.07 Million Stock Holdings in Public Storage (NYSE:PSA)

Slow Capital Inc. decreased its position in shares of Public Storage (NYSE:PSAGet Rating) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,512 shares of the real estate investment trust’s stock after selling 1,260 shares during the period. Slow Capital Inc.’s holdings in Public Storage were worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Profund Advisors LLC boosted its position in Public Storage by 148.6% in the third quarter. Profund Advisors LLC now owns 16,123 shares of the real estate investment trust’s stock valued at $4,790,000 after buying an additional 9,637 shares in the last quarter. Handelsbanken Fonder AB boosted its position in Public Storage by 13.9% in the third quarter. Handelsbanken Fonder AB now owns 56,199 shares of the real estate investment trust’s stock valued at $16,697,000 after buying an additional 6,857 shares in the last quarter. New York State Teachers Retirement System boosted its position in Public Storage by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 184,864 shares of the real estate investment trust’s stock valued at $69,243,000 after buying an additional 954 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its position in Public Storage by 50.3% in the third quarter. Worldquant Millennium Advisors LLC now owns 25,385 shares of the real estate investment trust’s stock valued at $7,542,000 after buying an additional 8,492 shares in the last quarter. Finally, Barclays PLC boosted its position in Public Storage by 0.6% in the third quarter. Barclays PLC now owns 316,380 shares of the real estate investment trust’s stock valued at $93,997,000 after buying an additional 1,923 shares in the last quarter. Institutional investors and hedge funds own 77.96% of the company’s stock.

A number of equities analysts have recently commented on PSA shares. Jefferies Financial Group upgraded shares of Public Storage from a “hold” rating to a “buy” rating and lifted their price target for the stock from $366.00 to $433.00 in a report on Monday, January 10th. The Goldman Sachs Group lifted their price target on shares of Public Storage from $398.00 to $440.00 and gave the stock a “neutral” rating in a report on Thursday, April 14th. StockNews.com started coverage on shares of Public Storage in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley lifted their price target on shares of Public Storage from $333.00 to $357.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 1st. Finally, Truist Financial lifted their price target on shares of Public Storage from $353.00 to $380.00 in a report on Tuesday, January 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $357.71.

In other news, Director Rebecca L. Owen sold 5,000 shares of Public Storage stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $358.25, for a total transaction of $1,791,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is owned by company insiders.

PSA traded down $27.47 during midday trading on Friday, hitting $371.50. The company had a trading volume of 1,385,487 shares, compared to its average volume of 633,505. Public Storage has a 52 week low of $269.55 and a 52 week high of $421.76. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $65.18 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 4.06 and a beta of 0.25. The stock’s 50 day moving average price is $382.74 and its 200 day moving average price is $359.00.

Public Storage (NYSE:PSAGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The real estate investment trust reported $3.54 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.11. Public Storage had a net margin of 57.18% and a return on equity of 39.08%. The firm had revenue of $724.80 million during the quarter, compared to the consensus estimate of $916.68 million. During the same period in the previous year, the firm posted $2.93 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. Research analysts predict that Public Storage will post 15.51 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 16th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.15%. The ex-dividend date was Tuesday, March 15th. Public Storage’s dividend payout ratio (DPR) is currently 81.05%.

Public Storage Profile (Get Rating)

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 September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the ÂShurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020.

Further Reading

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.