Public Storage $PSA Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC decreased its stake in shares of Public Storage (NYSE:PSA) by 67.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 778 shares of the real estate investment trust’s stock after selling 1,590 shares during the period. Impact Partnership Wealth LLC’s holdings in Public Storage were worth $211,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bayban acquired a new stake in Public Storage during the fourth quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd bought a new position in Public Storage during the 3rd quarter worth approximately $27,000. Wealth Watch Advisors INC bought a new position in Public Storage during the 3rd quarter worth approximately $34,000. Raiffeisen Bank International AG grew its position in shares of Public Storage by 35.2% in the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 37 shares in the last quarter. Finally, Knuff & Co LLC acquired a new position in shares of Public Storage in the 4th quarter worth approximately $38,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PSA has been the topic of several research reports. Barclays dropped their price target on Public Storage from $352.00 to $349.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Truist Financial lifted their price objective on shares of Public Storage from $302.00 to $338.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Mizuho lifted their price objective on shares of Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $341.00 target price on shares of Public Storage in a research note on Wednesday, April 29th. Finally, Evercore increased their target price on shares of Public Storage from $317.00 to $318.00 in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $324.68.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 950 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $324.81, for a total transaction of $308,569.50. Following the completion of the transaction, the insider owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. The trade was a 40.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.10% of the company’s stock.

Public Storage Stock Up 1.9%

NYSE:PSA opened at $329.25 on Friday. The firm has a market capitalization of $57.80 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 4.34 and a beta of 0.96. The stock has a 50 day moving average of $310.47 and a 200-day moving average of $293.63. Public Storage has a 52 week low of $256.54 and a 52 week high of $331.79. 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 (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. 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 the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $4.12 EPS. 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 predict that Public Storage will post 16.94 EPS for the current year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

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.