Hantz Financial Services Inc. Has $3.65 Million Holdings in Public Storage $PSA

Hantz Financial Services Inc. raised its position in shares of Public Storage (NYSE:PSA) by 23.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 12,451 shares of the real estate investment trust’s stock after buying an additional 2,394 shares during the period. Hantz Financial Services Inc.’s holdings in Public Storage were worth $3,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PSA. Retirement Planning Co of New England Inc. lifted its position in shares of Public Storage by 1.6% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 2,084 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 33 shares in the last quarter. Whitener Capital Management Inc. raised its stake in Public Storage by 2.3% during the 2nd quarter. Whitener Capital Management Inc. now owns 1,610 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 36 shares during the period. Rosenberg Matthew Hamilton raised its stake in Public Storage by 9.5% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 416 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 36 shares during the period. Mather Group LLC. raised its stake in Public Storage by 4.6% during the 2nd quarter. Mather Group LLC. now owns 864 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 38 shares during the period. Finally, Evermay Wealth Management LLC raised its stake in Public Storage by 13.3% during the 2nd quarter. Evermay Wealth Management LLC now owns 324 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 38 shares during the period. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Trading Down 0.7%

NYSE:PSA opened at $278.99 on Friday. The stock’s 50 day moving average price is $292.66 and its 200 day moving average price is $293.04. Public Storage has a 52 week low of $256.60 and a 52 week high of $355.87. The company has a market capitalization of $48.95 billion, a P/E ratio of 28.97, a P/E/G ratio of 4.72 and a beta of 0.89. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.77 and a current ratio of 1.77.

Public Storage (NYSE:PSA) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, topping the consensus estimate of $4.24 by $0.07. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. Public Storage had a net margin of 39.53% and a return on equity of 35.67%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.20 earnings per share. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. On average, research analysts forecast that Public Storage will post 16.7 EPS for the current fiscal year.

Public Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, December 15th. Public Storage’s dividend payout ratio (DPR) is 130.86%.

Analyst Upgrades and Downgrades

PSA has been the topic of a number of research analyst reports. Scotiabank lowered their price target on Public Storage from $340.00 to $333.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 28th. UBS Group lowered their target price on Public Storage from $305.00 to $295.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Wells Fargo & Company increased their price target on shares of Public Storage from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Public Storage from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Finally, Barclays cut their target price on shares of Public Storage from $351.00 to $349.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Public Storage currently has an average rating of “Moderate Buy” and a consensus price target of $325.54.

Public Storage Profile

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.