Generali Asset Management SPA SGR Has $1.63 Million Holdings in Public Storage $PSA

Generali Asset Management SPA SGR boosted its position in Public Storage (NYSE:PSA) by 1,246.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,630 shares of the real estate investment trust’s stock after purchasing an additional 5,212 shares during the period. Generali Asset Management SPA SGR’s holdings in Public Storage were worth $1,626,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Clear Creek Financial Management LLC bought a new position in shares of Public Storage in the second quarter valued at $342,000. Carnegie Investment Counsel raised its holdings in shares of Public Storage by 23.0% in the 3rd quarter. Carnegie Investment Counsel now owns 112,769 shares of the real estate investment trust’s stock worth $32,573,000 after acquiring an additional 21,073 shares during the last quarter. Diversified Trust Co bought a new position in Public Storage in the 2nd quarter valued at about $418,000. Vanderbilt University boosted its stake in Public Storage by 103.1% during the 3rd quarter. Vanderbilt University now owns 9,112 shares of the real estate investment trust’s stock valued at $2,632,000 after purchasing an additional 4,626 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Public Storage by 24.3% during the 2nd quarter. Baird Financial Group Inc. now owns 25,424 shares of the real estate investment trust’s stock worth $7,460,000 after purchasing an additional 4,975 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PSA shares. Deutsche Bank Aktiengesellschaft upgraded Public Storage from a “hold” rating to a “buy” rating and set a $325.00 target price on the stock in a report on Monday, October 13th. Royal Bank Of Canada cut their price objective on shares of Public Storage from $309.00 to $307.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $301.00 target price (down previously from $316.00) on shares of Public Storage in a research note on Thursday, December 18th. Mizuho dropped their price target on shares of Public Storage from $310.00 to $285.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Public Storage in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.80.

Public Storage Trading Down 0.4%

NYSE PSA opened at $258.50 on Monday. The stock has a market capitalization of $45.36 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 5.38 and a beta of 1.01. Public Storage has a one year low of $256.60 and a one year high of $322.49. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.45 and a quick ratio of 0.45. The business’s fifty day moving average is $271.31 and its 200-day moving average is $283.52.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.07. Public Storage had a net margin of 39.53% and a return on equity of 36.09%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business earned $4.20 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. Equities research analysts predict that Public Storage will post 16.7 EPS for the current year.

Public Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $3.00 per share. The ex-dividend date was Monday, December 15th. This represents a $12.00 annualized dividend and a dividend yield of 4.6%. Public Storage’s dividend payout ratio (DPR) is presently 124.61%.

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.