Vanderbilt University Sells 1,772 Shares of Public Storage (NYSE:PSA)

Vanderbilt University lowered its holdings in shares of Public Storage (NYSE:PSA - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,649 shares of the real estate investment trust's stock after selling 1,772 shares during the quarter. Vanderbilt University's holdings in Public Storage were worth $2,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Czech National Bank increased its holdings in shares of Public Storage by 6.5% during the 3rd quarter. Czech National Bank now owns 32,087 shares of the real estate investment trust's stock worth $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% during the 3rd 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 period. Miracle Mile Advisors LLC acquired a new stake in Public Storage during the 3rd quarter worth approximately $283,000. Atomi Financial Group Inc. acquired a new stake in Public Storage in the 3rd quarter valued at about $299,000. Finally, Brookstone Capital Management lifted its stake in Public Storage by 5.4% in the third quarter. Brookstone Capital Management now owns 1,417 shares of the real estate investment trust's stock worth $516,000 after acquiring an additional 72 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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 note on Friday, November 8th. Truist Financial upped their price objective on Public Storage from $306.00 to $340.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Evercore ISI reduced their price objective on shares of 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. Barclays dropped 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. Finally, Wells Fargo & Company dropped their target price on shares of Public Storage from $375.00 to $365.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Seven research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $344.54.

Public Storage Price Performance

Shares of PSA traded down $0.40 during trading hours on Friday, hitting $302.48. The stock had a trading volume of 420,567 shares, compared to its average volume of 690,775. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 4.88 and a beta of 0.74. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.97 and a quick ratio of 0.97. Public Storage has a 52 week low of $256.31 and a 52 week high of $369.99. The company's fifty day moving average is $304.09 and its two-hundred day moving average is $325.59.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 450 shares of the business's stock in a transaction on 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 transaction, the insider now owns 2,364 shares of the company's stock, valued at $751,728.36. The trade was a 15.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.00% of the company's stock.

Public Storage 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.