XML Financial LLC Has $1.22 Million Stock Position in Public Storage $PSA

XML Financial LLC lowered its stake in shares of Public Storage (NYSE:PSA) by 26.6% during the first quarter, HoldingsChannel reports. The firm owned 4,496 shares of the real estate investment trust’s stock after selling 1,630 shares during the quarter. XML Financial LLC’s holdings in Public Storage were worth $1,218,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PSA. Knights of Columbus Asset Advisors LLC raised its holdings in shares of 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 purchasing an additional 3,763 shares during the period. Barclays PLC lifted its stake in Public Storage by 93.8% in the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock valued at $174,165,000 after purchasing an additional 291,895 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in Public Storage by 777.1% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,605 shares of the real estate investment trust’s stock valued at $752,000 after purchasing an additional 2,308 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Public Storage by 5.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust’s stock worth $118,576,000 after purchasing an additional 25,353 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Public Storage by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 246,002 shares of the real estate investment trust’s stock worth $63,838,000 after purchasing an additional 12,444 shares during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.

Insiders Place Their Bets

In related news, insider Nathaniel A. Vitan sold 950 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the completion of the sale, the insider directly owned 1,414 shares in the company, valued at $459,281.34. The trade was a 40.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.10% of the company’s stock.

Public Storage Stock Up 0.6%

Shares of PSA opened at $320.11 on Tuesday. The firm has a market cap of $56.19 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 4.28 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. The firm’s 50-day simple moving average is $307.41 and its 200 day simple moving average is $290.80.

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. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company posted $4.12 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, analysts forecast that Public Storage will post 16.94 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 dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PSA shares. Scotiabank upped their price objective on Public Storage from $340.00 to $342.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 18th. Jefferies Financial Group raised 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. BMO Capital Markets lifted their target price on Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. Citigroup boosted their target price on Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, UBS Group restated a “neutral” rating on shares of Public Storage in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $323.53.

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.