Public Storage (PSA) Position Lifted by Cognios Capital LLC

Cognios Capital LLC boosted its position in Public Storage (NYSE:PSA) by 11.6% during the fourth quarter, Holdings Channel reports. The fund owned 10,794 shares of the real estate investment trust’s stock after buying an additional 1,123 shares during the quarter. Cognios Capital LLC’s holdings in Public Storage were worth $2,254,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. APG Asset Management US Inc. increased its stake in Public Storage by 8.3% in the third quarter. APG Asset Management US Inc. now owns 4,563,523 shares of the real estate investment trust’s stock valued at $976,548,000 after acquiring an additional 350,712 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Public Storage by 41.3% during the third quarter. JPMorgan Chase & Co. now owns 4,466,228 shares of the real estate investment trust’s stock worth $950,191,000 after buying an additional 1,304,669 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Public Storage by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,123,657 shares of the real estate investment trust’s stock worth $454,437,000 after buying an additional 69,105 shares during the last quarter. PGGM Investments grew its stake in shares of Public Storage by 0.8% during the third quarter. PGGM Investments now owns 1,486,414 shares of the real estate investment trust’s stock worth $318,078,000 after buying an additional 11,472 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Public Storage by 5.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,411,627 shares of the real estate investment trust’s stock worth $295,031,000 after buying an additional 74,535 shares during the last quarter. 80.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of Public Storage (PSA) opened at $180.49 on Friday. Public Storage has a one year low of $180.48 and a one year high of $232.21. The firm has a market cap of $32,267.20, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 3.64 and a beta of 0.31.

In related news, insider John Reyes sold 60,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $212.24, for a total value of $12,734,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary E. Pruitt sold 5,000 shares of the business’s stock in a transaction on 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 completion of the sale, the director now directly owns 8,350 shares in the company, valued at approximately $1,770,951.50. The disclosure for this sale can be found here. Insiders own 14.42% of the company’s stock.

A number of analysts have weighed in on PSA shares. Barclays reaffirmed a “hold” rating and set a $207.00 target price on shares of Public Storage in a research note on Thursday, October 19th. BMO Capital Markets set a $193.00 target price on shares of Public Storage and gave the stock a “sell” rating in a research note on Thursday, October 26th. FBR & Co set a $220.00 target price on shares of Public Storage and gave the stock a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks reaffirmed a “hold” rating and set a $200.00 target price on shares of Public Storage in a research note on Friday, October 27th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Public Storage in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $208.92.

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Public Storage 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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