Atria Wealth Solutions Inc. Has $1.54 Million Stake in Public Storage (NYSE:PSA)

Atria Wealth Solutions Inc. reduced its stake in Public Storage (NYSE:PSA) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,132 shares of the real estate investment trust’s stock after selling 89 shares during the period. Atria Wealth Solutions Inc.’s holdings in Public Storage were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Advisor Group LLC boosted its holdings in shares of Public Storage by 13.3% during the 3rd quarter. Private Advisor Group LLC now owns 5,849 shares of the real estate investment trust’s stock valued at $2,128,000 after acquiring an additional 688 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Public Storage by 12.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,709 shares of the real estate investment trust’s stock valued at $1,713,000 after purchasing an additional 535 shares in the last quarter. Dakota Wealth Management bought a new stake in shares of Public Storage during the third quarter worth about $217,000. Ballentine Partners LLC acquired a new position in shares of Public Storage in the third quarter valued at approximately $286,000. Finally, Allworth Financial LP raised its holdings in Public Storage by 1.6% in the 3rd quarter. Allworth Financial LP now owns 7,098 shares of the real estate investment trust’s stock valued at $2,583,000 after buying an additional 112 shares during the last quarter. 78.79% of the stock is owned by institutional investors.

Insider Activity at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 450 shares of Public Storage stock in a transaction on Friday, December 13th. The shares were sold at an average price of $317.99, for a total value of $143,095.50. Following the completion of the sale, the insider now directly owns 2,364 shares of the company’s stock, valued at approximately $751,728.36. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PSA shares. Royal Bank of Canada reduced their target price on shares of Public Storage from $358.00 to $344.00 and set a “sector perform” rating on the stock in a report on Friday, November 8th. Barclays reduced their price objective on shares of Public Storage from $380.00 to $361.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Truist Financial raised their target price on Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Wells Fargo & Company cut their target price on Public Storage from $365.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised Public Storage from a “sell” rating to a “hold” rating and increased their price target for the company from $298.00 to $299.00 in a research note on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $341.85.

Public Storage Trading Up 0.1 %

Shares of PSA stock opened at $304.30 on Monday. The company has a market cap of $53.29 billion, a P/E ratio of 31.60, a PEG ratio of 4.91 and a beta of 0.74. Public Storage has a fifty-two week low of $256.31 and a fifty-two week high of $369.99. The stock has a 50 day simple moving average of $298.12 and a two-hundred day simple moving average of $325.59. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.97 and a current ratio of 0.97.

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.