Public Storage (NYSE:PSA) Holdings Increased by NuWave Investment Management LLC

NuWave Investment Management LLC grew its holdings in Public Storage (NYSE:PSA) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,915 shares of the real estate investment trust’s stock after buying an additional 77 shares during the quarter. Public Storage accounts for approximately 1.0% of NuWave Investment Management LLC’s holdings, making the stock its 21st biggest holding. NuWave Investment Management LLC’s holdings in Public Storage were worth $590,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in Public Storage by 19.9% during the second quarter. FMR LLC now owns 6,736,465 shares of the real estate investment trust’s stock worth $1,528,235,000 after buying an additional 1,116,634 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in Public Storage by 1.2% during the second quarter. Glenmede Trust Co. NA now owns 41,752 shares of the real estate investment trust’s stock worth $9,472,000 after buying an additional 476 shares during the last quarter. Jane Street Group LLC increased its holdings in Public Storage by 428.0% during the second quarter. Jane Street Group LLC now owns 8,775 shares of the real estate investment trust’s stock worth $1,991,000 after buying an additional 7,113 shares during the last quarter. Schroder Investment Management Group increased its holdings in Public Storage by 4.7% during the second quarter. Schroder Investment Management Group now owns 55,767 shares of the real estate investment trust’s stock worth $12,767,000 after buying an additional 2,515 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Public Storage by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 1,579,391 shares of the real estate investment trust’s stock worth $358,300,000 after buying an additional 50,027 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

In related news, SVP Lily Yan Hughes sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $212.14, for a total transaction of $3,182,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 14.00% of the company’s stock.

PSA opened at $207.96 on Thursday. Public Storage has a twelve month low of $184.69 and a twelve month high of $234.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 1.06. The stock has a market cap of $36.72 billion, a P/E ratio of 20.33, a PEG ratio of 4.08 and a beta of 0.30.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays restated a “hold” rating and set a $212.00 target price on shares of Public Storage in a report on Tuesday, February 5th. Finally, Jefferies Financial Group downgraded shares of Public Storage from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $202.00 to $175.00 in a report on Thursday, December 13th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $203.92.

TRADEMARK VIOLATION NOTICE: “Public Storage (NYSE:PSA) Holdings Increased by NuWave Investment Management LLC” was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.baseballdailydigest.com/news/2019/02/14/nuwave-investment-management-llc-grows-holdings-in-public-storage-psa.html.

Public Storage 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. The Company's headquarters are located in Glendale, California. At September 30, 2018, we had interests in 2,418 self-storage facilities located in 38 states with approximately 161 million net rentable square feet in the United States and 228 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the “Shurgard” brand.

Recommended Story: No Load Funds

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

Receive News & Ratings for Public Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Storage and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply