Public Storage stock is trading -22.83% below its average target price of $311.91 after marking a 1.1% during today's morning session. Analysts are giving the large-cap Specialty Real Estate Investment Trust company an average rating of buy and target prices ranging from $250.0 to $367.0 per share.
Public Storage's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.2%. The stock's short ratio is 6.04. The company's insiders own 10.13% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 82.5%. In conclusion, we believe there is positive market sentiment regarding Public Storage.
Institutions Invested in Public Storage
|2023-06-30||Vanguard Group Inc||12%||20,688,136||$4,979,634,272|
|2023-06-30||State Street Corporation||6%||11,209,856||$2,698,212,304|
|2023-06-30||Capital International Investors||4%||7,504,560||$1,806,347,569|
|2023-06-30||Wellington Management Group, LLP||3%||4,451,219||$1,071,408,399|
|2023-06-30||Price (T.Rowe) Associates Inc||2%||4,090,073||$984,480,558|
|2023-06-30||Cohen & Steers Inc.||2%||4,039,147||$972,222,670|
|2023-06-30||Geode Capital Management, LLC||2%||3,856,537||$928,268,444|
|2023-06-30||JP Morgan Chase & Company||1%||2,435,801||$586,297,293|
|2022-12-31||Norges Bank Investment Management||1%||2,393,062||$576,010,016|