Y Intercept Hong Kong Ltd acquired a new stake in Public Storage (NYSE:PSA – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 21,156 shares of the real estate investment trust’s stock, valued at approximately $6,335,000. Public Storage comprises approximately 0.4% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 24th biggest position.
A number of other institutional investors have also recently made changes to their positions in PSA. S.A. Mason LLC boosted its position in Public Storage by 3.8% during the 3rd quarter. S.A. Mason LLC now owns 825 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 30 shares during the period. Haverford Trust Co boosted its stake in shares of Public Storage by 0.7% during the 3rd quarter. Haverford Trust Co now owns 4,282 shares of the real estate investment trust’s stock valued at $1,558,000 after purchasing an additional 30 shares in the last quarter. Huntington National Bank increased its position in shares of Public Storage by 5.4% during the third quarter. Huntington National Bank now owns 645 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 33 shares during the period. Chesapeake Wealth Management raised its stake in Public Storage by 2.2% in the third quarter. Chesapeake Wealth Management now owns 1,538 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 33 shares in the last quarter. Finally, Lindenwold Advisors INC lifted its holdings in Public Storage by 0.8% in the third quarter. Lindenwold Advisors INC now owns 4,390 shares of the real estate investment trust’s stock worth $1,597,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.
Public Storage Price Performance
Shares of NYSE PSA opened at $304.30 on Monday. The firm 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. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.77. Public Storage has a twelve month low of $256.31 and a twelve month high of $369.99. The company has a 50 day moving average of $298.12 and a 200 day moving average of $325.59.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Public Storage
Insider Activity at Public Storage
In other Public Storage news, insider Nathaniel A. Vitan sold 450 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $317.99, for a total value of $143,095.50. Following the transaction, the insider now owns 2,364 shares of the company’s stock, valued at approximately $751,728.36. This represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.00% of the stock is owned by insiders.
About Public Storage
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.
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