MSH Capital Advisors LLC Makes New $515,000 Investment in Public Storage $PSA

MSH Capital Advisors LLC bought a new position in Public Storage (NYSE:PSAFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 1,783 shares of the real estate investment trust’s stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PSA. Harbor Asset Planning Inc. purchased a new stake in Public Storage in the second quarter worth about $25,000. First Pacific Financial purchased a new position in shares of Public Storage during the 3rd quarter worth approximately $26,000. Asset Dedication LLC lifted its stake in shares of Public Storage by 111.1% in the 2nd quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 50 shares during the period. NewSquare Capital LLC raised its holdings 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 in the last quarter. Finally, Tradewinds Capital Management LLC purchased a new position in Public Storage during the third quarter valued at $33,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Key Public Storage News

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Public Storage from $293.00 to $276.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $301.00 price objective (down previously from $316.00) on shares of Public Storage in a report on Thursday, December 18th. Bank of America downgraded shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a research note on Thursday, February 5th. Morgan Stanley began coverage on Public Storage in a research report on Friday, December 5th. They issued an “equal weight” rating and a $290.00 price target on the stock. Finally, Royal Bank Of Canada dropped their target price on Public Storage from $309.00 to $307.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Public Storage has a consensus rating of “Hold” and a consensus price target of $306.63.

Get Our Latest Stock Analysis on PSA

Public Storage Stock Up 2.8%

PSA stock opened at $300.55 on Friday. The stock has a market capitalization of $52.74 billion, a P/E ratio of 33.32, a P/E/G ratio of 9.91 and a beta of 1.01. 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 has a 1-year low of $256.54 and a 1-year high of $322.49. The business has a fifty day moving average price of $275.29 and a 200-day moving average price of $282.08.

Public Storage Company 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.

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

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