Ffcm LLC grew its position in Public Storage (NYSE:PSA) by 23.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,523 shares of the real estate investment trust’s stock after buying an additional 7,242 shares during the quarter. Public Storage makes up approximately 1.4% of Ffcm LLC’s portfolio, making the stock its 23rd largest position. Ffcm LLC’s holdings in Public Storage were worth $7,842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in PSA. Cable Hill Partners LLC boosted its holdings in shares of Public Storage by 139.9% during the third quarter. Cable Hill Partners LLC now owns 787 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 459 shares during the period. Prudential PLC acquired a new stake in shares of Public Storage during the second quarter worth approximately $200,000. Grimes & Company Inc. acquired a new stake in shares of Public Storage during the third quarter worth approximately $204,000. Glenview State Bank Trust DEPT. acquired a new stake in Public Storage in the third quarter valued at approximately $205,000. Finally, Fisher Asset Management LLC acquired a new stake in Public Storage in the third quarter valued at approximately $209,000. Institutional investors own 80.51% of the company’s stock.

In related news, insider John Reyes sold 60,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $212.24, for a total transaction of $12,734,400.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gary E. Pruitt sold 5,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $212.09, for a total transaction of $1,060,450.00. Following the transaction, the director now directly owns 8,350 shares in the company, valued at approximately $1,770,951.50. The disclosure for this sale can be found here. Company insiders own 14.42% of the company’s stock.

A number of research firms have issued reports on PSA. B. Riley reiterated a “neutral” rating on shares of Public Storage in a research note on Wednesday, November 1st. Barclays reiterated a “hold” rating and issued a $201.00 target price on shares of Public Storage in a research note on Wednesday, January 31st. FBR & Co set a $220.00 target price on shares of Public Storage and gave the company a “hold” rating in a research note on Thursday, October 26th. 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. Finally, Jefferies Group set a $212.00 price target on shares of Public Storage and gave the company a “hold” rating in a research report on Tuesday, November 28th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $208.92.

Public Storage (PSA) opened at $187.16 on Monday. Public Storage has a 52-week low of $180.48 and a 52-week high of $232.21. The company has a market cap of $32,573.51, a P/E ratio of 27.32, a PEG ratio of 3.68 and a beta of 0.31.

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Public Storage Company Profile

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.

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

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