Public Storage (PSA) Position Held by Arkansas Financial Group Inc.

Public Storage (PSA) Position Held by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. continued to hold its stake in shares of Public Storage (NYSE:PSA) during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,000 shares of the real estate investment trust’s stock at the end of the third quarter. Public Storage accounts for 0.1% of Arkansas Financial Group Inc.’s holdings, making the stock its 18th largest position. Arkansas Financial Group Inc.’s holdings in Public Storage were worth $223,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. Washington Trust Bank increased its stake in shares of Public Storage by 28.1% in the third quarter. Washington Trust Bank now owns 538 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 118 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Public Storage by 1.2% in the second quarter. Quadrant Capital Group LLC now owns 516 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 6 shares in the last quarter. WFG Advisors LP increased its stake in shares of Public Storage by 0.6% in the second quarter. WFG Advisors LP now owns 520 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 3 shares in the last quarter. Blue Chip Partners Inc. increased its stake in shares of Public Storage by 0.7% in the second quarter. Blue Chip Partners Inc. now owns 596 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 4 shares in the last quarter. Finally, Alpha Windward LLC increased its stake in shares of Public Storage by 0.7% in the third quarter. Alpha Windward LLC now owns 844 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 6 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Public Storage (NYSE:PSA) traded up 0.12% during midday trading on Friday, hitting $218.52. 138,463 shares of the stock traded hands. Public Storage has a one year low of $200.65 and a one year high of $277.60. The company’s 50-day moving average is $219.77 and its 200-day moving average is $221.75. The company has a market cap of $37.90 billion, a PE ratio of 33.47 and a beta of 0.46.

A number of analysts have recently issued reports on PSA shares. Argus restated a “buy” rating and set a $270.00 price target (down previously from $284.00) on shares of Public Storage in a report on Wednesday, November 16th. Barclays PLC cut their price target on shares of Public Storage from $230.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday. Zacks Investment Research upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. Cantor Fitzgerald reiterated a “hold” rating on shares of Public Storage in a report on Thursday, October 27th. Finally, FBR & Co dropped their target price on shares of Public Storage from $250.00 to $225.00 and set a “market perform” rating for the company in a report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $238.19.

In related news, Director Tamara Hughes Gustavson purchased 69,763 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average price of $214.98 per share, with a total value of $14,997,649.74. Following the completion of the transaction, the director now owns 16,396,449 shares of the company’s stock, valued at approximately $3,524,908,606.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Reyes sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $215.42, for a total transaction of $10,771,000.00. The disclosure for this sale can be found here. Corporate insiders own 14.20% of the company’s stock.

About Public Storage

Public Storage is a real estate investment trust. The Company’s 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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