Rothschild Investment LLC Sells 1,962 Shares of Public Storage $PSA

Rothschild Investment LLC lowered its stake in shares of Public Storage (NYSE:PSA) by 7.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,526 shares of the real estate investment trust’s stock after selling 1,962 shares during the quarter. Rothschild Investment LLC’s holdings in Public Storage were worth $6,105,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PSA. Vanguard Group Inc. grew its holdings in Public Storage by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after buying an additional 2,274,397 shares in the last quarter. AQR Capital Management LLC grew its holdings in Public Storage by 498.7% during the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after buying an additional 481,872 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in Public Storage by 38.0% during the third quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust’s stock worth $330,909,000 after buying an additional 315,370 shares in the last quarter. Barclays PLC grew its holdings in Public Storage by 93.8% during the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after buying an additional 291,895 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Public Storage by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock worth $963,177,000 after buying an additional 177,421 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Up 1.0%

PSA stock opened at $309.71 on Friday. The stock’s fifty day simple moving average is $294.27 and its two-hundred day simple moving average is $285.78. 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 1-year low of $256.54 and a 1-year high of $313.51. The stock has a market cap of $54.37 billion, a P/E ratio of 31.96, a P/E/G ratio of 4.19 and a beta of 1.00.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share 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 business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $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. Analysts expect that Public Storage will post 16.89 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.9%. Public Storage’s payout ratio is currently 123.84%.

Analyst Upgrades and Downgrades

PSA has been the subject of several recent research reports. Barclays decreased their price target on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $341.00 price target on shares of Public Storage in a report on Wednesday, April 29th. UBS Group upped their price target on Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. William Blair set a $305.00 price target on Public Storage in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. decreased their price target 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 assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $316.06.

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.