Barclays PLC Has $174.17 Million Stock Position in Public Storage $PSA

Barclays PLC raised its holdings in Public Storage (NYSE:PSA) by 93.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 602,959 shares of the real estate investment trust’s stock after purchasing an additional 291,895 shares during the quarter. Barclays PLC’s holdings in Public Storage were worth $174,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Pension Service lifted its position in shares of Public Storage by 4.2% during the 3rd quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock worth $73,743,000 after buying an additional 10,345 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in Public Storage by 57.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock valued at $1,437,000 after acquiring an additional 1,816 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in Public Storage by 14,992.3% during the third quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock worth $3,400,000 after acquiring an additional 11,694 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Public Storage by 19.9% during the third quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock worth $11,766,000 after acquiring an additional 6,814 shares in the last quarter. Finally, Vanderbilt University lifted its holdings in shares of Public Storage by 103.1% in the third quarter. Vanderbilt University now owns 9,112 shares of the real estate investment trust’s stock worth $2,632,000 after acquiring an additional 4,626 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Performance

Shares of PSA stock opened at $308.28 on Friday. The business’s 50-day moving average price is $286.93 and its 200-day moving average price is $284.38. Public Storage has a 12 month low of $256.54 and a 12 month high of $322.49. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $54.11 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 6.24 and a beta of 0.99.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $3.00 per share. The ex-dividend date is Monday, March 16th. This represents a $12.00 annualized dividend and a yield of 3.9%. Public Storage’s dividend payout ratio (DPR) is currently 133.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PSA shares. Wells Fargo & Company downgraded shares of Public Storage from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 price objective for the company. in a research note on Tuesday, January 20th. Bank of America lowered shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price on the stock. in a research report on Thursday, February 5th. Truist Financial boosted their target price on shares of Public Storage from $315.00 to $317.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Raymond James Financial lowered their price target on shares of Public Storage from $350.00 to $330.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 18th. Two equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $307.13.

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.