B&I Capital AG Purchases 1,785 Shares of Public Storage $PSA

B&I Capital AG boosted its position in Public Storage (NYSE:PSA) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,000 shares of the real estate investment trust’s stock after acquiring an additional 1,785 shares during the quarter. Public Storage accounts for 3.6% of B&I Capital AG’s investment portfolio, making the stock its 9th biggest position. B&I Capital AG’s holdings in Public Storage were worth $10,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service raised its position in Public Storage by 4.2% in the third quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock valued at $73,743,000 after purchasing an additional 10,345 shares during the period. J.W. Cole Advisors Inc. raised its position in Public Storage by 57.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock valued at $1,437,000 after purchasing an additional 1,816 shares during the period. Cornerstone Planning Group LLC raised its position in Public Storage by 14,992.3% in the third quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock valued at $3,400,000 after purchasing an additional 11,694 shares during the period. Jones Financial Companies Lllp raised its position in Public Storage by 19.9% in the third quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock valued at $11,766,000 after purchasing an additional 6,814 shares during the period. Finally, Barclays PLC raised its position in Public Storage by 93.8% in the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock valued at $174,165,000 after purchasing an additional 291,895 shares during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Stock Down 1.3%

Shares of Public Storage stock opened at $299.97 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.05. The firm has a market cap of $52.65 billion, a P/E ratio of 33.26, a P/E/G ratio of 4.08 and a beta of 1.02. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $312.95. The business has a 50-day moving average price of $291.32 and a 200 day moving average price of $283.55.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, March 16th. Public Storage’s payout ratio is presently 133.04%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Public Storage in a research report on Monday, March 16th. Bank of America lowered Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price on the stock. in a research report on Thursday, February 5th. UBS Group dropped their target price on Public Storage from $293.00 to $276.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. dropped their target price on Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Finally, Wall Street Zen lowered Public Storage from a “hold” rating to a “sell” rating in a research report on Sunday, March 29th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $308.22.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.