Perpetual Ltd Has $38.25 Million Holdings in Public Storage $PSA

Perpetual Ltd lessened its position in shares of Public Storage (NYSE:PSA) by 3.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,425 shares of the real estate investment trust’s stock after selling 4,047 shares during the period. Perpetual Ltd owned 0.08% of Public Storage worth $38,251,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Marshall & Sullivan Inc. WA bought a new position in shares of Public Storage in the 2nd quarter worth about $25,000. Harbor Asset Planning Inc. bought a new stake in shares of Public Storage during the 2nd quarter valued at about $25,000. Asset Dedication LLC grew its stake in Public Storage by 111.1% during the second quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 50 shares during the period. NewSquare Capital LLC increased its holdings in Public Storage by 60.6% in the second quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Finally, SouthState Corp increased its holdings in Public Storage by 209.4% in the second quarter. SouthState Corp now owns 164 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

PSA has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on Public Storage from $325.00 to $320.00 and set a “market perform” rating on the stock in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research report on Wednesday, October 8th. Evercore ISI cut their target price on shares of Public Storage from $315.00 to $309.00 and set an “in-line” rating on the stock in a research note on Monday, December 1st. Truist Financial reduced their price target on shares of Public Storage from $320.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Finally, Royal Bank Of Canada dropped their price objective on shares of Public Storage from $309.00 to $307.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $319.87.

Public Storage Price Performance

Shares of PSA opened at $259.26 on Friday. Public Storage has a 12-month low of $256.60 and a 12-month high of $322.49. The business’s fifty day moving average is $280.39 and its 200 day moving average is $286.42. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.99. The stock has a market cap of $45.49 billion, a P/E ratio of 26.92, a P/E/G ratio of 5.60 and a beta of 1.01.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.07. Public Storage had a net margin of 39.53% and a return on equity of 36.09%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business posted $4.20 EPS. Public Storage’s quarterly revenue was down 5.4% on a year-over-year basis. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. Sell-side analysts anticipate that Public Storage will post 16.7 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $12.00 annualized dividend and a dividend yield of 4.6%. Public Storage’s payout ratio is presently 124.61%.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.