Buck Wealth Strategies LLC Has $723,000 Stock Holdings in Public Storage (NYSE:PSA)

Buck Wealth Strategies LLC increased its holdings in Public Storage (NYSE:PSA - Free Report) by 70.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,413 shares of the real estate investment trust's stock after buying an additional 999 shares during the quarter. Buck Wealth Strategies LLC's holdings in Public Storage were worth $723,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Prospera Private Wealth LLC bought a new position in shares of Public Storage in the third quarter worth $34,000. Ashton Thomas Securities LLC acquired a new stake in Public Storage in the third quarter worth about $38,000. Synergy Asset Management LLC bought a new position in Public Storage in the 4th quarter valued at about $38,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Public Storage during the third quarter valued at approximately $50,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Public Storage in the 3rd quarter worth $55,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PSA shares. Royal Bank of Canada dropped their price target on shares of Public Storage from $358.00 to $344.00 and set a "sector perform" rating on the stock in a research report on Friday, November 8th. Evercore ISI reduced their target price on shares of Public Storage from $343.00 to $338.00 and set an "in-line" rating for the company in a report on Monday, October 14th. Barclays dropped their price target on Public Storage from $380.00 to $361.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Wells Fargo & Company reduced their price objective on Public Storage from $375.00 to $365.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Finally, 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. Seven 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's stock. According to data from MarketBeat, Public Storage has a consensus rating of "Moderate Buy" and an average price target of $344.54.

Public Storage Stock Up 0.3 %

Public Storage stock traded up $0.79 during trading hours on Monday, hitting $303.40. The company had a trading volume of 435,968 shares, compared to its average volume of 678,788. Public Storage has a fifty-two week low of $256.31 and a fifty-two week high of $369.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $53.13 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 4.88 and a beta of 0.74. The firm's fifty day moving average is $304.09 and its 200-day moving average is $325.80.

Insider Transactions at Public Storage

In related news, insider Nathaniel A. Vitan sold 450 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $317.99, for a total transaction of $143,095.50. Following the transaction, the insider now owns 2,364 shares of the company's stock, valued at approximately $751,728.36. This trade represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is currently owned by company insiders.

Public Storage Company Profile

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.