Public Storage $PSA Shares Sold by XML Financial LLC

XML Financial LLC cut its holdings in Public Storage (NYSE:PSA) by 37.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,126 shares of the real estate investment trust’s stock after selling 3,610 shares during the quarter. XML Financial LLC’s holdings in Public Storage were worth $1,590,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PSA. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage during the third quarter valued at approximately $27,000. Raiffeisen Bank International AG acquired a new position in Public Storage in the 3rd quarter valued at about $30,000. Wealth Watch Advisors INC acquired a new position in Public Storage in the third quarter valued at approximately $34,000. Knuff & Co LLC acquired a new position in shares of Public Storage in the 4th quarter valued at $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $39,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Price Performance

Shares of PSA opened at $309.98 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a twelve month low of $256.54 and a twelve month high of $313.51. The firm has a market capitalization of $54.42 billion, a PE 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 two-hundred day moving average is $287.01.

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 (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business posted $4.12 earnings per share. Public Storage’s revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts anticipate that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. Public Storage’s dividend payout ratio is currently 123.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group raised their price target on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Barclays dropped their price objective on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. JPMorgan Chase & Co. cut their target price on Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Evercore set a $306.00 price target on shares of Public Storage in a research report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price objective on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $316.06.

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.