Stephens Inc. AR Has $11.33 Million Stock Holdings in Public Storage (NYSE:PSA)

Stephens Inc. AR increased its position in shares of Public Storage (NYSE:PSA) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,825 shares of the real estate investment trust’s stock after buying an additional 900 shares during the quarter. Stephens Inc. AR’s holdings in Public Storage were worth $11,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PSA. AlphaStar Capital Management LLC increased its holdings in shares of Public Storage by 51.5% during the fourth quarter. AlphaStar Capital Management LLC now owns 1,897 shares of the real estate investment trust’s stock valued at $568,000 after acquiring an additional 645 shares in the last quarter. Entropy Technologies LP bought a new stake in Public Storage during the 4th quarter valued at $3,328,000. Empowered Funds LLC raised its holdings in Public Storage by 11.2% during the fourth quarter. Empowered Funds LLC now owns 2,813 shares of the real estate investment trust’s stock worth $842,000 after buying an additional 283 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Public Storage by 10.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,436 shares of the real estate investment trust’s stock valued at $1,328,000 after buying an additional 406 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of Public Storage by 4.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,090 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 44 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Royal Bank of Canada lowered their target price on shares of Public Storage from $358.00 to $344.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Wells Fargo & Company cut their price target on shares of Public Storage from $375.00 to $365.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised shares of Public Storage from a “sell” rating to a “hold” rating and lifted their target price for the stock from $298.00 to $299.00 in a research report on Friday, January 10th. Finally, Barclays reduced their target price on Public Storage from $380.00 to $361.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $344.54.

Public Storage Stock Performance

Shares of PSA opened at $302.48 on Monday. Public Storage has a 1 year low of $256.31 and a 1 year high of $369.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s fifty day moving average price is $304.09 and its two-hundred day moving average price is $325.59. The firm has a market cap of $52.97 billion, a PE ratio of 31.41, a PEG ratio of 4.88 and a beta of 0.74.

Insider Buying and Selling

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

Public Storage Company 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.