Winebrenner Capital Management LLC Purchases New Shares in Public Storage (NYSE:PSA)

Winebrenner Capital Management LLC acquired a new position in shares of Public Storage (NYSE:PSAFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,134 shares of the real estate investment trust’s stock, valued at approximately $639,000.

A number of other institutional investors also recently bought and sold shares of the business. Quent Capital LLC increased its stake in Public Storage by 135.1% in the 4th quarter. Quent Capital LLC now owns 87 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 50 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Public Storage in the third quarter valued at about $34,000. Ashton Thomas Securities LLC acquired a new position in shares of Public Storage during the third quarter worth about $38,000. Synergy Asset Management LLC purchased a new position in Public Storage during the fourth quarter worth about $38,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Public Storage during the third quarter worth about $55,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Public Storage

In related news, insider Nathaniel A. Vitan sold 450 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $317.99, for a total value of $143,095.50. Following the sale, the insider now owns 2,364 shares of the company’s stock, valued at approximately $751,728.36. This represents a 15.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PSA. Truist Financial boosted their target price on Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Royal Bank of Canada cut their price objective on Public Storage from $358.00 to $344.00 and set a “sector perform” rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised Public Storage from a “sell” rating to a “hold” rating and raised their target price for the company from $298.00 to $299.00 in a report on Friday, January 10th. Wells Fargo & Company lowered their price target on shares of Public Storage from $365.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Barclays reduced their price objective on shares of Public Storage from $380.00 to $361.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $341.85.

Check Out Our Latest Stock Analysis on Public Storage

Public Storage Stock Performance

NYSE:PSA opened at $304.30 on Friday. Public Storage has a twelve month low of $256.31 and a twelve month high of $369.99. The company has a market capitalization of $53.29 billion, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 4.91 and a beta of 0.74. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.77. The firm has a 50-day moving average price of $298.12 and a two-hundred day moving average price of $325.39.

Public Storage Profile

(Free Report)

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.

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Institutional Ownership by Quarter for Public Storage (NYSE:PSA)

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