Machina Capital S.A.S. Invests $1.02 Million in Public Storage $PSA

Machina Capital S.A.S. bought a new stake in shares of Public Storage (NYSE:PSA) during the third quarter, Holdings Channel reports. The institutional investor bought 3,533 shares of the real estate investment trust’s stock, valued at approximately $1,021,000.

Several other institutional investors and hedge funds have also bought and sold shares of PSA. Rosenberg Matthew Hamilton increased its stake in Public Storage by 9.5% in the second quarter. Rosenberg Matthew Hamilton now owns 416 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 36 shares in the last quarter. Patrick M Sweeney & Associates Inc. increased its position in Public Storage by 3.5% in the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 1,070 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 36 shares in the last quarter. CoreCap Advisors LLC raised its stake in Public Storage by 7.0% during the 3rd quarter. CoreCap Advisors LLC now owns 568 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 37 shares during the period. Evermay Wealth Management LLC boosted its holdings in Public Storage by 13.3% in the second quarter. Evermay Wealth Management LLC now owns 324 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 38 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its holdings in Public Storage by 2.9% in the second quarter. KCM Investment Advisors LLC now owns 1,349 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 38 shares in the last quarter. 78.79% of the stock is owned by institutional investors.

Public Storage Price Performance

PSA opened at $288.62 on Thursday. Public Storage has a 1 year low of $256.54 and a 1 year high of $322.49. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.45 and a quick ratio of 0.45. The company has a market capitalization of $50.64 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 7.28 and a beta of 1.01. The firm’s fifty day moving average price is $272.88 and its two-hundred day moving average price is $281.86.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Public Storage from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Wall Street Zen downgraded shares of Public Storage from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Morgan Stanley began coverage on shares of Public Storage in a research note on Friday, December 5th. They issued an “equal weight” rating and a $290.00 price objective on the stock. BNP Paribas Exane decreased their target price on shares of Public Storage from $329.00 to $315.00 in a research report on Tuesday, December 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Public Storage currently has a consensus rating of “Moderate Buy” and an average target price of $313.19.

Public Storage Company Profile

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.