Mutual of America Capital Management LLC Has $3.98 Million Stake in Public Storage (NYSE:PSA)

Mutual of America Capital Management LLC raised its stake in shares of Public Storage (NYSE:PSA) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,021 shares of the real estate investment trust’s stock after purchasing an additional 663 shares during the period. Mutual of America Capital Management LLC’s holdings in Public Storage were worth $3,975,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. IHT Wealth Management LLC boosted its stake in shares of Public Storage by 43.0% in the 2nd quarter. IHT Wealth Management LLC now owns 582 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 175 shares during the last quarter. Gofen & Glossberg LLC IL boosted its stake in shares of Public Storage by 0.4% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 46,854 shares of the real estate investment trust’s stock worth $9,770,000 after buying an additional 200 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Public Storage by 4.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,295 shares of the real estate investment trust’s stock worth $1,347,000 after buying an additional 254 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in shares of Public Storage by 9.6% in the 3rd quarter. Pinebridge Investments L.P. now owns 3,083 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 270 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Public Storage by 2.4% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 11,960 shares of the real estate investment trust’s stock worth $2,559,000 after buying an additional 279 shares during the last quarter. Institutional investors and hedge funds own 80.51% of the company’s stock.

In related news, insider John Reyes sold 60,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $212.24, for a total value of $12,734,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary E. Pruitt sold 5,000 shares of the company’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 completion of the transaction, the director now owns 8,350 shares of the company’s stock, valued at $1,770,951.50. The disclosure for this sale can be found here. 14.42% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on PSA shares. SunTrust Banks reaffirmed a “hold” rating and issued a $200.00 price target on shares of Public Storage in a report on Friday, October 27th. FBR & Co set a $220.00 price target on shares of Public Storage and gave the stock a “hold” rating in a report on Thursday, October 26th. Morgan Stanley cut shares of Public Storage from an “equal weight” rating to an “underweight” rating and set a $199.00 price target on the stock. in a report on Wednesday, December 13th. Barclays reaffirmed a “hold” rating and issued a $201.00 price target on shares of Public Storage in a report on Wednesday, January 31st. Finally, Bank of America cut shares of Public Storage from a “neutral” rating to an “underperform” rating and set a $212.00 target price on the stock. in a report on Monday, December 4th. They noted that the move was a valuation call. Eight investment 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. Public Storage currently has a consensus rating of “Hold” and an average target price of $208.92.

Shares of Public Storage (PSA) traded up $2.39 during trading hours on Thursday, reaching $189.17. 65,479 shares of the company traded hands, compared to its average volume of 1,045,576. Public Storage has a one year low of $180.48 and a one year high of $232.21. The stock has a market capitalization of $32,928.56, a price-to-earnings ratio of 27.27, a PEG ratio of 3.72 and a beta of 0.31.

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Public Storage 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.

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

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