Great Lakes Advisors LLC Sells 5,706 Shares of Public Storage $PSA

Great Lakes Advisors LLC lessened its holdings in Public Storage (NYSE:PSA) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,038 shares of the real estate investment trust’s stock after selling 5,706 shares during the quarter. Great Lakes Advisors LLC owned 0.07% of Public Storage worth $33,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage during the 3rd quarter worth $27,000. Raiffeisen Bank International AG bought a new position in shares of Public Storage during the 3rd quarter worth $30,000. Wealth Watch Advisors INC bought a new position in shares of Public Storage during the 3rd quarter worth $34,000. Knuff & Co LLC bought a new position in shares of Public Storage during the 4th quarter worth $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Public Storage by 2,940.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 147 shares during the period. Institutional investors own 78.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PSA shares. JPMorgan Chase & Co. cut their price target on Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. BMO Capital Markets reiterated a “market perform” rating on shares of Public Storage in a research note on Monday, March 16th. William Blair set a $305.00 price target on Public Storage in a research note on Monday, March 16th. Mizuho increased their price target on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, Scotiabank increased their price target on Public Storage from $321.00 to $340.00 in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $316.67.

Public Storage Stock Performance

Shares of PSA opened at $325.35 on Friday. The stock’s 50-day simple moving average is $302.35 and its 200 day simple moving average is $288.50. The stock has a market capitalization of $57.12 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. Public Storage has a 52-week low of $256.54 and a 52-week high of $331.79.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts forecast that Public Storage will post 16.92 EPS for the current fiscal year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. Public Storage’s dividend payout ratio is 123.84%.

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.