Rothschild Investment LLC Cuts Stake in Public Storage (NYSE:PSA)

Rothschild Investment LLC trimmed its position in shares of Public Storage (NYSE:PSA) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 24,968 shares of the real estate investment trust’s stock after selling 453 shares during the quarter. Rothschild Investment LLC’s holdings in Public Storage were worth $7,476,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC boosted its holdings in shares of Public Storage by 135.1% during the 4th 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 during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Public Storage during the 3rd quarter valued at about $34,000. Ashton Thomas Securities LLC purchased a new stake in shares of Public Storage during the 3rd quarter valued at about $38,000. Synergy Asset Management LLC purchased a new stake in shares of Public Storage during the 4th quarter valued at about $38,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Public Storage during the 3rd quarter valued at about $55,000. 78.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Public Storage

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

Analyst Ratings Changes

Several brokerages have recently weighed in on PSA. Wells Fargo & Company lowered their price objective 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. Barclays lowered their price objective on shares of Public Storage from $380.00 to $361.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Public Storage from a “sell” rating to a “hold” rating and increased their price objective for the stock from $298.00 to $299.00 in a research note on Friday, January 10th. Truist Financial increased their price objective on shares of Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada decreased their target price 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. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $341.85.

Public Storage Stock Up 0.1 %

NYSE:PSA opened at $304.30 on Monday. Public Storage has a twelve month low of $256.31 and a twelve month high of $369.99. The company has a market cap of $53.29 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 4.91 and a beta of 0.74. The stock has a fifty day simple moving average of $298.12 and a 200-day simple moving average of $325.59. The company has a current ratio of 0.97, a quick 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.