Natixis Advisors LLC Trims Stock Holdings in Public Storage $PSA

Natixis Advisors LLC lowered its position in shares of Public Storage (NYSE:PSA) by 12.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 60,743 shares of the real estate investment trust’s stock after selling 8,365 shares during the quarter. Natixis Advisors LLC’s holdings in Public Storage were worth $15,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in Public Storage during the third quarter valued at approximately $27,000. Raiffeisen Bank International AG bought a new position in shares of Public Storage during the third quarter valued at approximately $30,000. Wealth Watch Advisors INC bought a new position in shares of Public Storage during the third quarter valued at approximately $34,000. Knuff & Co LLC bought a new position in shares of Public Storage during the fourth quarter valued at approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Public Storage by 2,940.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

PSA has been the subject of several recent analyst reports. BNP Paribas Exane increased their price target on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Evercore set a $306.00 price target on Public Storage in a research note on Monday, May 4th. Jefferies Financial Group increased their price objective on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. Finally, Mizuho increased their target price on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Public Storage presently has an average rating of “Hold” and an average price target of $316.06.

Public Storage Trading Up 1.1%

Shares of NYSE:PSA opened at $309.98 on Friday. The company has a market cap of $54.42 billion, a P/E ratio of 31.99, a P/E/G ratio of 4.22 and a beta of 0.98. The stock’s 50-day moving average is $298.08 and its 200-day moving average is $286.89. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51. 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 (NYSE:PSA) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $1.22 billion for 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 firm’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts predict that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Dividend Announcement

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 paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio is presently 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.