Public Storage (PSA) Holdings Lifted by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. grew its position in Public Storage (NYSE:PSA) by 4.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 38,509 shares of the real estate investment trust’s stock after buying an additional 1,768 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Public Storage were worth $8,241,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. purchased a new position in Public Storage in the second quarter worth about $105,000. Northwestern Mutual Wealth Management Co. raised its holdings in Public Storage by 15.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 566 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 75 shares during the last quarter. CENTRAL TRUST Co raised its holdings in Public Storage by 41.3% in the second quarter. CENTRAL TRUST Co now owns 578 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 169 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in Public Storage by 274.4% in the second quarter. Johnson Financial Group Inc. now owns 614 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 450 shares during the last quarter. Finally, Cable Hill Partners LLC raised its holdings in Public Storage by 139.9% in the third quarter. Cable Hill Partners LLC now owns 787 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 459 shares during the last quarter. 80.18% of the stock is owned by institutional investors and hedge funds.

Public Storage (PSA) opened at $211.85 on Friday. Public Storage has a twelve month low of $192.15 and a twelve month high of $232.21. The firm has a market cap of $36,870.59, a P/E ratio of 21.38, a PEG ratio of 4.42 and a beta of 0.43.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be issued a dividend of $2.00 per share. The ex-dividend date is Tuesday, December 12th. This represents a $8.00 annualized dividend and a dividend yield of 3.78%. Public Storage’s payout ratio is 116.79%.

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Several research analysts have issued reports on PSA shares. Argus decreased their target price on shares of Public Storage from $260.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, August 1st. Jefferies Group LLC set a $210.00 target price on shares of Public Storage and gave the stock a “hold” rating in a report on Thursday, August 17th. Barclays PLC reaffirmed a “hold” rating and issued a $207.00 target price on shares of Public Storage in a report on Thursday, October 19th. Zacks Investment Research raised shares of Public Storage from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $200.00 target price on shares of Public Storage in a report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $213.08.

About Public Storage

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.

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

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