Aviva PLC raised its position in shares of Public Storage (NYSE:PSA – Get Rating) by 61.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,863 shares of the real estate investment trust’s stock after purchasing an additional 20,399 shares during the period. Aviva PLC’s holdings in Public Storage were worth $2,217,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. ICW Investment Advisors LLC raised its stake in shares of Public Storage by 1.1% in the 4th quarter. ICW Investment Advisors LLC now owns 3,272 shares of the real estate investment trust’s stock valued at $917,000 after acquiring an additional 34 shares in the last quarter. Spectrum Asset Management Inc. NB CA raised its stake in shares of Public Storage by 0.8% in the 4th quarter. Spectrum Asset Management Inc. NB CA now owns 4,250 shares of the real estate investment trust’s stock valued at $1,191,000 after acquiring an additional 35 shares in the last quarter. Gyroscope Capital Management Group LLC raised its stake in shares of Public Storage by 2.2% in the 4th quarter. Gyroscope Capital Management Group LLC now owns 1,649 shares of the real estate investment trust’s stock valued at $462,000 after acquiring an additional 35 shares in the last quarter. Zions Bancorporation N.A. raised its stake in shares of Public Storage by 14.9% in the 3rd quarter. Zions Bancorporation N.A. now owns 278 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 36 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its stake in shares of Public Storage by 3.3% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 1,147 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 37 shares in the last quarter. 77.88% of the stock is owned by institutional investors.
Public Storage Trading Up 1.3 %
Shares of PSA opened at $286.69 on Tuesday. The stock has a fifty day moving average price of $293.43 and a two-hundred day moving average price of $293.40. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.48 and a current ratio of 1.48. Public Storage has a 52-week low of $270.13 and a 52-week high of $357.13. The company has a market cap of $50.40 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 3.75 and a beta of 0.45.
Public Storage Announces Dividend
Analyst Upgrades and Downgrades
A number of research firms have issued reports on PSA. Bank of America began coverage on Public Storage in a report on Monday, May 8th. They issued a “buy” rating on the stock. StockNews.com began coverage on Public Storage in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $351.75.
Public Storage Profile
Public Storage operates as a real estate investment trust, which engages in acquiring, developing, owning and operating self-storage facilities. It operates through the following segments: Self-storage Operations, Ancillary Operations, and Other Items. The Self-storage Operations segment reflects the rental operations from all self-storage facilities.
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