Jefferies Financial Group Inc. Sells 19,025 Shares of Public Storage $PSA

Jefferies Financial Group Inc. reduced its position in Public Storage (NYSE:PSA) by 95.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 982 shares of the real estate investment trust’s stock after selling 19,025 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Public Storage were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. raised its position in Public Storage by 1.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 37 shares in the last quarter. Doliver Advisors LP raised its position in Public Storage by 1.0% during the fourth quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock valued at $1,071,000 after purchasing an additional 39 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in Public Storage by 18.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 259 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 41 shares in the last quarter. Hilltop Holdings Inc. raised its position in Public Storage by 4.7% during the third quarter. Hilltop Holdings Inc. now owns 906 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 41 shares in the last quarter. Finally, Synovus Financial Corp raised its position in Public Storage by 1.1% during the third quarter. Synovus Financial Corp now owns 3,969 shares of the real estate investment trust’s stock valued at $1,147,000 after purchasing an additional 44 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PSA has been the subject of several research analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $341.00 price objective on shares of Public Storage in a research report on Wednesday, April 29th. UBS Group boosted their price objective on shares of Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Bank of America downgraded shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price objective for the company. in a research report on Thursday, February 5th. Mizuho boosted their price objective on shares of Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Royal Bank Of Canada boosted their price objective on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $316.06.

Public Storage Stock Up 0.1%

Shares of NYSE:PSA opened at $304.01 on Monday. The company has a fifty day moving average of $294.80 and a 200-day moving average of $286.00. The company has a market capitalization of $53.37 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 4.14 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 $313.51.

Public Storage (NYSE:PSA) last announced its quarterly earnings results 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. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities analysts predict that Public Storage will post 16.9 EPS for the current fiscal year.

Public Storage Dividend Announcement

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

Public Storage Company 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.