Public Storage $PSA Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in shares of Public Storage (NYSE:PSA) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 354,660 shares of the real estate investment trust’s stock after selling 14,543 shares during the period. HighTower Advisors LLC owned 0.20% of Public Storage worth $92,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Doliver Advisors LP raised its holdings in shares of Public Storage by 1.0% during the fourth quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock worth $1,071,000 after purchasing an additional 39 shares during the period. Covestor Ltd raised its holdings in shares of Public Storage by 9.4% during the third quarter. Covestor Ltd now owns 467 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 40 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Public Storage by 2.3% during the third quarter. Arkadios Wealth Advisors now owns 1,746 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 40 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Public Storage by 18.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 259 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 41 shares during the period. Finally, Hilltop Holdings Inc. raised its holdings in shares of Public Storage by 4.7% during the third quarter. Hilltop Holdings Inc. now owns 906 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 41 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. William Blair set a $305.00 target price on shares of Public Storage in a report on Monday, March 16th. Truist Financial increased their target price on shares of Public Storage from $315.00 to $317.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft cut shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 price objective on the stock. in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $312.94.

Public Storage Stock Up 0.6%

PSA stock opened at $297.78 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $313.51. The firm’s 50-day simple moving average is $293.18 and its 200 day simple moving average is $284.40. The stock has a market cap of $52.28 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 4.04 and a beta of 1.00.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company earned $4.12 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, sell-side analysts predict that Public Storage will post 16.89 EPS for the current year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio is currently 123.84%.

About Public Storage

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.