Kestra Advisory Services LLC Sells 14,639 Shares of Public Storage $PSA

Kestra Advisory Services LLC decreased its holdings in shares of Public Storage (NYSE:PSA) by 44.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,109 shares of the real estate investment trust’s stock after selling 14,639 shares during the quarter. Kestra Advisory Services LLC’s holdings in Public Storage were worth $4,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSA. Bayban acquired a new position in shares of Public Storage in the fourth quarter valued at $26,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Public Storage during the 3rd quarter worth about $27,000. Wealth Watch Advisors INC acquired a new stake in shares of Public Storage during the 3rd quarter worth about $34,000. Raiffeisen Bank International AG boosted its holdings in shares of Public Storage by 35.2% during the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 37 shares during the period. Finally, Knuff & Co LLC bought a new stake in shares of Public Storage during the 4th quarter worth about $38,000. 78.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $324.81, for a total transaction of $308,569.50. Following the sale, the insider directly owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. This represents a 40.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.10% of the company’s stock.

Public Storage Stock Down 1.3%

Shares of PSA opened at $314.68 on Thursday. 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 12 month low of $256.54 and a 12 month high of $331.79. The firm’s 50 day moving average is $313.82 and its 200-day moving average is $297.33. The stock has a market capitalization of $55.24 billion, a PE ratio of 32.47, a P/E/G ratio of 4.29 and a beta of 0.96.

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 business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts forecast that Public Storage will post 16.94 EPS for the current year.

Public Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $3.00 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.8%. Public Storage’s payout ratio is currently 123.84%.

Wall Street Analyst Weigh In

PSA has been the topic of several research analyst reports. Evercore set a $316.00 price target on shares of Public Storage in a report on Monday, July 6th. BNP Paribas Exane boosted their price objective on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Citigroup increased their target price on Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $325.37.

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.