Public Storage (PSA) Shares Sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board lowered its stake in shares of Public Storage (NYSE:PSA) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,561 shares of the real estate investment trust’s stock after selling 2,865 shares during the quarter. State of Wisconsin Investment Board’s holdings in Public Storage were worth $38,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cable Hill Partners LLC raised its holdings in Public Storage by 139.9% during the third quarter. Cable Hill Partners LLC now owns 787 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 459 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Public Storage by 184.6% in the 4th quarter. Advisory Services Network LLC now owns 942 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 611 shares during the period. Grimes & Company Inc. acquired a new position in shares of Public Storage in the 3rd quarter valued at $204,000. Glenview State Bank Trust DEPT. acquired a new position in shares of Public Storage in the 3rd quarter valued at $205,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Public Storage in the 3rd quarter valued at $209,000. 80.51% of the stock is currently owned by institutional investors.

Public Storage (NYSE PSA) opened at $188.75 on Friday. The stock has a market cap of $32,850.24, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 3.71 and a beta of 0.31. Public Storage has a 12 month low of $180.48 and a 12 month high of $232.21.

A number of brokerages have recently commented on PSA. B. Riley reaffirmed a “neutral” rating on shares of Public Storage in a report on Wednesday, November 1st. FBR & Co set a $220.00 target price on shares of Public Storage and gave the company a “hold” rating in a report on Thursday, October 26th. BMO Capital Markets set a $193.00 target price on shares of Public Storage and gave the company a “sell” rating in a report on Thursday, October 26th. Jefferies Group set a $212.00 target price on shares of Public Storage and gave the company a “hold” rating in a report on Tuesday, November 28th. Finally, Barclays reaffirmed a “hold” rating and issued a $201.00 target price on shares of Public Storage in a report on Wednesday, January 31st. Eight research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Public Storage currently has an average rating of “Hold” and an average price target of $208.92.

In other Public Storage news, Director Gary E. Pruitt sold 5,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $212.09, for a total value of $1,060,450.00. Following the transaction, the director now directly owns 8,350 shares of the company’s stock, valued at approximately $1,770,951.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Reyes sold 60,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $212.24, for a total transaction of $12,734,400.00. The disclosure for this sale can be found here. Insiders own 14.42% of the company’s stock.

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Public Storage Company Profile

Public Storage is a real estate investment trust (REIT). The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space.

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Institutional Ownership by Quarter for Public Storage (NYSE:PSA)

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