Public Storage’s recent filing unveils that its Chief Legal Officer Vitan Nathaniel A. unloaded Company’s shares for reported $0.14 million on Dec 13 ’24. In the deal valued at $317.99 per share,450 shares were sold. As a result of this transaction, Vitan Nathaniel A. now holds 2,364 shares worth roughly $0.69 million.
Then, Vitan Nathaniel A. bought 450 shares, generating $143,096 in total proceeds.
Before that, Vitan Nathaniel A. sold 400 shares. Public Storage shares valued at $135,978 were divested by the Chief Legal Officer at a price of $339.95 per share. As a result of the transaction, Vitan Nathaniel A. now holds 2,814 shares, worth roughly $0.82 million.
BofA Securities upgraded its Public Storage [PSA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early April from “a Hold” to “a Buy”. Scotiabank also remained covering PSA and has increased its forecast on April 09, 2025 with a “Sector outperform” recommendation from previously “Sector perform” rating. Deutsche Bank revised its rating on January 10, 2025. It rated PSA as “a Hold” which previously was an “a Sell”.
Price Performance Review of PSA
On Tuesday, Public Storage [NYSE:PSA] saw its stock jump 0.30% to $292.99. Over the last five days, the stock has lost -1.24%. Public Storage shares have fallen nearly -2.15% since the year began. Nevertheless, the stocks have risen 13.26% over the past one year. While a 52-week high of $369.99 was reached on 03/10/25, a 52-week low of $256.31 was recorded on 04/09/25. SMA at 50 days reached $296.17, while 200 days put it at $317.10.
Levels Of Support And Resistance For PSA Stock
The 24-hour chart illustrates a support level at 290.11, which if violated will result in even more drops to 287.24. On the upside, there is a resistance level at 294.93. A further resistance level may holdings at 296.88. The Relative Strength Index (RSI) on the 14-day chart is 51.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.11%. Stochastics %K at 80.65% indicates the stock is a selling.
How much short interest is there in Public Storage?
A steep rise in short interest was recorded in Public Storage stocks on 2025-04-15, dropping by -0.16 million shares to a total of 3.11 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 3.27 million shares. There was a decline of -5.05%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 10, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $358 price target.
