U.S. Capital Wealth Advisors LLC Decreases Position in Public Storage (NYSE:PSA)

U.S. Capital Wealth Advisors LLC lowered its position in Public Storage (NYSE:PSA - Free Report) by 91.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,552 shares of the real estate investment trust's stock after selling 17,335 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Public Storage were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Czech National Bank grew its position in shares of Public Storage by 6.5% in the 3rd quarter. Czech National Bank now owns 32,087 shares of the real estate investment trust's stock valued at $11,675,000 after buying an additional 1,950 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Public Storage by 38.4% in the third quarter. GAMMA Investing LLC now owns 1,532 shares of the real estate investment trust's stock valued at $557,000 after acquiring an additional 425 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Public Storage during the 3rd quarter valued at approximately $283,000. Atomi Financial Group Inc. bought a new position in Public Storage during the 3rd quarter worth approximately $299,000. Finally, Brookstone Capital Management lifted its position in shares of Public Storage by 5.4% in the 3rd quarter. Brookstone Capital Management now owns 1,417 shares of the real estate investment trust's stock worth $516,000 after purchasing an additional 72 shares during the period. Institutional investors own 78.79% of the company's stock.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 450 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $317.99, for a total value of $143,095.50. Following the completion of 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 document filed with the SEC, which is available at this hyperlink. 11.00% of the stock is owned by insiders.

Public Storage Stock Down 0.1 %

Shares of NYSE PSA traded down $0.40 during mid-day trading on Friday, reaching $302.48. 420,567 shares of the company's stock traded hands, compared to its average volume of 690,775. 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 business has a 50-day simple moving average of $304.09 and a 200 day simple moving average of $325.59. The stock has a market cap of $52.97 billion, a P/E ratio of 31.41, a PEG ratio of 4.88 and a beta of 0.74. Public Storage has a 1-year low of $256.31 and a 1-year high of $369.99.

Analyst Ratings Changes

PSA has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Public Storage from $375.00 to $365.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Evercore ISI lowered their price objective on Public Storage from $343.00 to $338.00 and set an "in-line" rating for the company in a research report on Monday, October 14th. Royal Bank of Canada cut their target price on 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. Truist Financial lifted their target price on Public Storage from $306.00 to $340.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. Finally, Barclays cut 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. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $344.54.

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.