Stephens Inc. AR Purchases 1,977 Shares of Public Storage (PSA)

Stephens Inc. AR boosted its position in Public Storage (NYSE:PSA) by 8.6% during the 4th quarter, Holdings Channel reports. The fund owned 24,833 shares of the real estate investment trust’s stock after buying an additional 1,977 shares during the quarter. Stephens Inc. AR’s holdings in Public Storage were worth $5,190,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. IHT Wealth Management LLC boosted its holdings in Public Storage by 43.0% in the second quarter. IHT Wealth Management LLC now owns 582 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 175 shares during the last quarter. Cable Hill Partners LLC boosted its holdings in Public Storage by 139.9% in the third quarter. Cable Hill Partners LLC now owns 787 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 459 shares during the last quarter. Grimes & Company Inc. bought a new position in Public Storage in the third quarter valued at about $204,000. Glenview State Bank Trust DEPT. bought a new position in Public Storage in the third quarter valued at about $205,000. Finally, Prudential PLC bought a new position in Public Storage in the second quarter valued at about $200,000. Institutional investors and hedge funds own 80.79% of the company’s stock.

Several equities analysts recently issued reports on PSA shares. Barclays reiterated a “hold” rating and issued a $201.00 price target on shares of Public Storage in a report on Wednesday, January 31st. Jefferies Group set a $212.00 target price on Public Storage and gave the company a “hold” rating in a research note on Tuesday, November 28th. SunTrust Banks reissued a “hold” rating and issued a $200.00 target price on shares of Public Storage in a research note on Friday, October 27th. FBR & Co set a $220.00 target price on Public Storage and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, B. Riley set a $220.00 target price on Public Storage and gave the company a “hold” rating in a research note on Wednesday, November 15th. Eight research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $208.92.

Public Storage (NYSE:PSA) opened at $185.40 on Wednesday. Public Storage has a one year low of $180.93 and a one year high of $232.21. The firm has a market capitalization of $32,194.10, a PE ratio of 18.67, a price-to-earnings-growth ratio of 3.63 and a beta of 0.31.

In other news, Director Gary E. Pruitt sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $212.09, for a total transaction of $1,060,450.00. Following the sale, the director now owns 8,350 shares of the company’s stock, valued at $1,770,951.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Reyes sold 60,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $212.24, for a total value of $12,734,400.00. The disclosure for this sale can be found here. Corporate insiders own 14.42% of the company’s stock.

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Public Storage Company Profile

Public Storage is a real estate investment trust (REIT). The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space.

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

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