4,775 Shares in Public Storage $PSA Bought by Gries Financial LLC

Gries Financial LLC bought a new stake in shares of Public Storage (NYSE:PSA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,775 shares of the real estate investment trust’s stock, valued at approximately $1,379,000.

Other hedge funds have also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA bought a new position in shares of Public Storage during the 2nd quarter worth about $25,000. Harbor Asset Planning Inc. acquired a new stake in Public Storage during the second quarter worth about $25,000. First Pacific Financial bought a new position in Public Storage during the third quarter valued at about $26,000. Asset Dedication LLC raised its holdings in Public Storage by 111.1% in the 2nd quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 50 shares in the last quarter. Finally, NewSquare Capital LLC raised its holdings in Public Storage by 60.6% in the 2nd quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. 78.79% of the stock is owned by institutional investors.

Public Storage Stock Performance

NYSE PSA opened at $260.68 on Tuesday. Public Storage has a 1-year low of $256.54 and a 1-year high of $322.49. The company has a 50 day moving average of $270.52 and a 200-day moving average of $283.31. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.99. The firm has a market cap of $45.74 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 5.38 and a beta of 1.01.

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

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $3.00 dividend. The ex-dividend date was Monday, December 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.6%. Public Storage’s dividend payout ratio (DPR) is 124.61%.

Analyst Upgrades and Downgrades

PSA has been the topic of several recent research reports. Evercore ISI decreased their price objective on Public Storage from $315.00 to $309.00 and set an “in-line” rating on the stock in a report on Monday, December 1st. Wells Fargo & Company lifted their price objective on Public Storage from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Royal Bank Of Canada dropped their target price on Public Storage from $309.00 to $307.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. BNP Paribas Exane decreased their price target on Public Storage from $329.00 to $315.00 in a research note on Tuesday, December 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Public Storage from a “hold” rating to a “buy” rating and set a $325.00 price target on the stock in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $317.80.

Public Storage 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.