Hedge Funds Are Betting On Public Storage (PSA)

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At the moment, there are plenty of indicators market participants can use to track publicly traded companies. Some of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite investment managers can outpace the broader indices by a superb amount (see just how much).

Just as necessary, bullish insider trading activity is a second way to analyze the world of equities. There are a variety of stimuli for an executive to downsize shares of his or her company, but only one, very simple reason why they would buy. Several empirical studies have demonstrated the useful potential of this method if investors know what to do (learn more here).

Public Storage (NYSE:PSA)

Now that that’s out of the way, we’re going to discuss the recent info about Public Storage (NYSE:PSA).

How have hedgies been trading Public Storage (NYSE:PSA)?

At the end of the second quarter, a total of 22 of the hedge funds we track held long positions in this stock, a change of 22% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were increasing their stakes considerably.

When using filings from the firms we track, AEW Capital Management holds the biggest position in Public Storage (NYSE:PSA). AEW Capital Management has a $222.8 million position in the stock, comprising 5.8% of its 13F portfolio. Coming in second is Phill Gross and Robert Atchinson of Adage Capital Management, with a $32.8 million position; 0.1% of its 13F portfolio is allocated to the stock. Other hedge funds that hold long positions include Cliff Asness’s AQR Capital Management, Brian Taylor’s Pine River Capital Management and Jim Simons’s Renaissance Technologies.

Consequently, particular firms were breaking ground themselves. AEW Capital Management initiated the largest position in Public Storage (NYSE:PSA). AEW Capital Management had 222.8 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson’s Adage Capital Management also made a $32.8 million investment in the stock during the quarter. The following funds were also among the new PSA investors: Cliff Asness’s AQR Capital Management, Brian Taylor’s Pine River Capital Management, and Jim Simons’s Renaissance Technologies.

How have insiders been trading Public Storage (NYSE:PSA)?

Legal insider trading, particularly when it’s bullish, is particularly usable when the primary stock in question has seen transactions within the past 180 days. Over the last half-year time frame, Public Storage (NYSE:PSA) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Public Storage (NYSE:PSA). These stocks are National Retail Properties, Inc. (NYSE:NNN), W.P. Carey Inc. REIT (NYSE:WPC), Annaly Capital Management, Inc. (NYSE:NLY), Vornado Realty Trust (NYSE:VNO), and American Tower Corp (NYSE:AMT). This group of stocks are in the reit – diversified industry and their market caps resemble PSA’s market cap.

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