J.W. Cole Advisors Inc. Purchases 1,816 Shares of Public Storage $PSA

J.W. Cole Advisors Inc. increased its position in Public Storage (NYSE:PSA) by 57.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,974 shares of the real estate investment trust’s stock after purchasing an additional 1,816 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Public Storage were worth $1,437,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PSA. Evermay Wealth Management LLC grew its holdings in Public Storage by 24.7% during the third quarter. Evermay Wealth Management LLC now owns 404 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 80 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Public Storage by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 170,072 shares of the real estate investment trust’s stock valued at $49,125,000 after purchasing an additional 2,098 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Public Storage by 13.1% during the third quarter. Hantz Financial Services Inc. now owns 14,076 shares of the real estate investment trust’s stock worth $4,066,000 after purchasing an additional 1,625 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of Public Storage by 14,992.3% in the third quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock valued at $3,400,000 after purchasing an additional 11,694 shares during the last quarter. Finally, American Assets Capital Advisers LLC raised its position in shares of Public Storage by 19.0% in the third quarter. American Assets Capital Advisers LLC now owns 5,027 shares of the real estate investment trust’s stock valued at $1,452,000 after purchasing an additional 802 shares during the period. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BMO Capital Markets reduced their target price on shares of Public Storage from $320.00 to $305.00 and set a “market perform” rating for the company in a report on Monday, December 22nd. Mizuho cut their price objective on shares of Public Storage from $310.00 to $285.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. BNP Paribas Exane decreased their target price on Public Storage from $329.00 to $315.00 in a research report on Tuesday, December 23rd. Barclays set a $331.00 target price on Public Storage in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company lowered Public Storage from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $330.00 to $295.00 in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Public Storage presently has an average rating of “Hold” and a consensus target price of $306.63.

Public Storage Price Performance

Shares of NYSE PSA opened at $287.05 on Monday. The business has a fifty day moving average price of $273.30 and a two-hundred day moving average price of $281.76. The stock has a market capitalization of $50.37 billion, a PE ratio of 29.81, a P/E/G ratio of 9.72 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 fifty-two week low of $256.54 and a fifty-two week high of $322.49.

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.