Public Storage (NYSE:PSA) has received an average rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $208.92.

A number of research firms have recently issued reports on PSA. BMO Capital Markets set a $193.00 target price on shares of Public Storage and gave the company a “sell” rating in a research note on Thursday, October 26th. Jefferies Group set a $212.00 price target on shares of Public Storage and gave the company a “hold” rating in a report on Tuesday, November 28th. FBR & Co set a $220.00 price target on shares of Public Storage and gave the company a “hold” rating in a report on Thursday, October 26th. Morgan Stanley lowered shares of Public Storage from an “equal weight” rating to an “underweight” rating and set a $199.00 price target for the company. in a report on Wednesday, December 13th. Finally, SunTrust Banks reissued a “hold” rating and issued a $200.00 price target on shares of Public Storage in a report on Friday, October 27th.

In other Public Storage news, Director Gary E. Pruitt sold 5,000 shares of Public Storage stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $212.09, for a total transaction of $1,060,450.00. Following the completion of the sale, the director now owns 8,350 shares of the company’s stock, valued at approximately $1,770,951.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Reyes sold 60,000 shares of Public Storage stock in a transaction on Friday, December 1st. The stock was 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. Company insiders own 14.42% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC grew its holdings in Public Storage by 3.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 19,021 shares of the real estate investment trust’s stock worth $3,975,000 after acquiring an additional 663 shares during the period. Resources Investment Advisors Inc. grew its holdings in Public Storage by 3,685.1% during the 4th quarter. Resources Investment Advisors Inc. now owns 3,823 shares of the real estate investment trust’s stock worth $799,000 after acquiring an additional 3,722 shares during the period. Epstein & White Financial LLC acquired a new stake in Public Storage during the 4th quarter worth $282,000. BB&T Corp grew its holdings in Public Storage by 43.1% during the 4th quarter. BB&T Corp now owns 9,414 shares of the real estate investment trust’s stock worth $1,968,000 after acquiring an additional 2,837 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Public Storage during the 4th quarter worth $1,508,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Public Storage (NYSE:PSA) traded down $0.01 during trading hours on Friday, hitting $193.59. 1,010,573 shares of the stock were exchanged, compared to its average volume of 918,326. Public Storage has a 52 week low of $190.15 and a 52 week high of $232.21. The company has a market capitalization of $33,509.85, a PE ratio of 28.29, a P/E/G ratio of 3.78 and a beta of 0.44.

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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.

Analyst Recommendations for Public Storage (NYSE:PSA)

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