Savant Capital LLC Lowers Holdings in Public Storage $PSA

Savant Capital LLC trimmed its position in Public Storage (NYSE:PSA) by 79.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,770 shares of the real estate investment trust’s stock after selling 10,679 shares during the period. Savant Capital LLC’s holdings in Public Storage were worth $719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC grew its position in Public Storage by 9.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 2,487 shares of the real estate investment trust’s stock valued at $645,000 after buying an additional 215 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in Public Storage by 11.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 4,066 shares of the real estate investment trust’s stock valued at $1,055,000 after buying an additional 407 shares during the last quarter. Geode Capital Management LLC grew its position in Public Storage by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 4,089,143 shares of the real estate investment trust’s stock valued at $1,056,976,000 after buying an additional 66,445 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its position in Public Storage by 25.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock valued at $4,829,000 after buying an additional 3,763 shares during the last quarter. Finally, ICW Investment Advisors LLC grew its position in Public Storage by 2.6% in the 4th quarter. ICW Investment Advisors LLC now owns 4,255 shares of the real estate investment trust’s stock valued at $1,104,000 after buying an additional 106 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Public Storage in a research report on Monday, March 16th. Jefferies Financial Group raised their target price on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Wells Fargo & Company downgraded Public Storage from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $330.00 to $295.00 in a report on Thursday, February 5th. UBS Group raised their target price on Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. reduced their target price on Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $316.06.

Public Storage Trading Up 1.1%

NYSE:PSA opened at $302.48 on Thursday. The company has a market capitalization of $53.10 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 4.08 and a beta of 0.98. 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 52-week low of $256.54 and a 52-week high of $313.51. The stock has a fifty day simple moving average of $296.46 and a 200-day simple moving average of $286.50.

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

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s payout ratio is 123.84%.

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.