Public Storage $PSA Shares Bought by Savant Capital LLC

Savant Capital LLC lifted its position in shares of Public Storage (NYSE:PSA) by 15.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,449 shares of the real estate investment trust’s stock after buying an additional 1,840 shares during the quarter. Savant Capital LLC’s holdings in Public Storage were worth $3,885,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Public Storage by 0.4% in the second quarter. Vanguard Group Inc. now owns 20,815,476 shares of the real estate investment trust’s stock valued at $6,107,677,000 after purchasing an additional 79,580 shares in the last quarter. State Street Corp raised its position in shares of Public Storage by 1.2% during the 2nd quarter. State Street Corp now owns 10,613,807 shares of the real estate investment trust’s stock worth $3,114,303,000 after purchasing an additional 126,113 shares during the last quarter. Norges Bank acquired a new position in shares of Public Storage during the 2nd quarter worth approximately $1,153,971,000. JPMorgan Chase & Co. lifted its stake in Public Storage by 3.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,157,067 shares of the real estate investment trust’s stock valued at $926,357,000 after buying an additional 103,965 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Public Storage by 3.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,924,395 shares of the real estate investment trust’s stock valued at $857,674,000 after buying an additional 87,918 shares during the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on PSA shares. Bank of America downgraded Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price objective on the stock. in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 target price on the stock. in a report on Tuesday, January 20th. Wolfe Research downgraded shares of Public Storage from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. Truist Financial upped their price objective on shares of Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Barclays set a $331.00 target price on shares of Public Storage in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Public Storage presently has a consensus rating of “Hold” and an average target price of $306.63.

Public Storage Price Performance

PSA opened at $287.05 on Friday. Public Storage has a 1 year low of $256.54 and a 1 year high of $322.49. The company’s 50 day simple moving average is $273.30 and its 200 day simple moving average is $281.88. The stock has a market capitalization of $50.37 billion, a PE ratio of 29.81, a P/E/G ratio of 7.36 and a beta of 1.01. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.45 and a current ratio of 0.45.

Public Storage 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.