Rothschild Investment LLC Sells 453 Shares of Public Storage (NYSE:PSA)

Rothschild Investment LLC reduced its position in Public Storage (NYSE:PSA) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 24,968 shares of the real estate investment trust’s stock after selling 453 shares during the period. Rothschild Investment LLC’s holdings in Public Storage were worth $7,476,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quent Capital LLC raised its holdings in shares of Public Storage by 135.1% in the fourth quarter. Quent Capital LLC now owns 87 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 50 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Public Storage in the third quarter worth about $34,000. Ashton Thomas Securities LLC bought a new position in Public Storage in the third quarter worth about $38,000. Synergy Asset Management LLC bought a new position in Public Storage in the fourth quarter worth about $38,000. Finally, Harbor Capital Advisors Inc. bought a new position in Public Storage in the third quarter worth about $55,000. 78.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity 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 in the company, valued at $751,728.36. This represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.00% of the stock is owned by insiders.

Public Storage Price Performance

Shares of NYSE PSA opened at $304.30 on Monday. The business’s 50 day moving average price is $298.12 and its 200 day moving average price is $325.59. The firm has a market cap of $53.29 billion, a P/E ratio of 31.60, a P/E/G ratio of 4.91 and a beta of 0.74. Public Storage has a 52 week low of $256.31 and a 52 week high of $369.99. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.77.

About Public Storage

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.