Virtu Financial LLC made a new $1.85 million investment in Public Storage (NYSE:PSA), acquiring 6,183 shares during the first quarter. Public Storage reported an EPS of $4.28 for the last quarter, beating the consensus estimate by $0.05, with revenues up 2.4% year-over-year. Analysts have mixed opinions on PSA stock, with target prices adjusted between $309.00 and $380.00, and an average rating of 'Moderate Buy.' Other large investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its stake by 43.4% during the fourth quarter, now owning 2,476,596 shares valued at $741,592,000. Cohen & Steers Inc. increased its stake by 12.3%, now owning 5,433,001 shares valued at $1,626,731,000. GAMMA Investing LLC boosted its stake by 34,827.1%, now owning 524,955 shares valued at $157,114,000. Deutsche Bank AG increased its stake by 44.6%, now owning 1,407,754 shares valued at $421,538,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake during the fourth quarter valued at $99,157,000. Hedge funds and other institutional investors own 78.79% of the company's stock. Research analysts have issued various reports: Royal Bank of Canada lowered its price target to $309.00 and set a 'sector perform' rating; Bank of America raised its price target to $380.00 and gave a 'buy' rating; Mizuho raised its price target to $309.00 and gave a 'neutral' rating; Wells Fargo & Company decreased its price target to $320.00 and set an 'overweight' rating. One analyst has a sell rating, six have a hold rating, eight have a buy rating, and two have a strong buy rating. Based on data from MarketBeat, Public Storage currently has an average rating of 'Moderate Buy' and an average price target of $335.43. Public Storage stock traded up $2.66 during midday trading on Wednesday, hitting $283.14, with 869,074 shares exchanged. The company's fifty-day moving average is $290.22 and its 200-day moving average is $295.17. It has a market cap of $49.68 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 4.66, and a beta of 0.86. The debt-to-equity ratio is 2.04, current ratio is 1.77, and quick ratio is 1.77. The fifty-two week low is $256.60 and the fifty-two week high is $369.99. Public Storage last reported its quarterly earnings on July 30, reporting $4.28 EPS, topping the consensus estimate of $4.23 by $0.05, with revenue of $1.20 billion, up 2.4% year-over-year. The company had a return on equity of 34.06% and a net margin of 38.13%. On average, analysts predict Public Storage will post 16.7 EPS for the current fiscal year. Public Storage is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. As of December 31, 2023, it had interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and a 35% common equity interest in Shurgard Self Storage Limited, which owns 275 facilities in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.

Virtu Financial LLC Makes New Investment in Public Storage (NYSE:PSA)

Virtu Financial LLC invested $1.85 million in Public Storage (NYSE:PSA) by acquiring 6,183 shares during the first quarter. Public Storage reported a quarterly EPS of $4.28, exceeding the consensus estimate of $4.23 by $0.05, with revenues up 2.4% year-over-year. The company has a market capitalization of $49.68 billion, a PE ratio of 30.88, and a return on equity of 34.06%. Analysts have mixed opinions, with target prices ranging from $309 to $380 and an average rating of 'Moderate Buy'. Major institutional investors including Northern Trust, Cohen & Steers, GAMMA Investing, Deutsche Bank, and Universal Beteiligungs und Servicegesellschaft mbH have also adjusted their stakes. Public Storage is a REIT that operates self-storage facilities across 40 U.S. states and holds a 35% equity interest in Shurgard Self Storage Limited, which operates in Western Europe.