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
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 12% | 20,688,136 | $4,979,634,272 |
| 2023-06-30 | Blackrock Inc. | 9% | 15,802,915 | $3,803,761,592 |
| 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 |
