Public Storage $PSA Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC boosted its position in Public Storage (NYSE:PSA) by 7.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,030 shares of the real estate investment trust’s stock after purchasing an additional 2,684 shares during the period. Capital Investment Advisors LLC’s holdings in Public Storage were worth $10,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Public Storage in the second quarter valued at $25,000. Harbor Asset Planning Inc. bought a new stake in Public Storage in the second quarter worth about $25,000. First Pacific Financial bought a new stake in Public Storage in the third quarter worth about $26,000. Asset Dedication LLC lifted its holdings in Public Storage by 111.1% in the 2nd quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 50 shares during the last quarter. Finally, NewSquare Capital LLC boosted its position in shares of Public Storage by 60.6% during the 2nd quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. 78.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PSA has been the topic of a number of research reports. Evercore ISI dropped their target price on shares of Public Storage from $315.00 to $309.00 and set an “in-line” rating on the stock in a report on Monday, December 1st. Raymond James Financial decreased their price target on shares of Public Storage from $350.00 to $330.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $301.00 price objective (down from $316.00) on shares of Public Storage in a research note on Thursday, December 18th. Finally, Wells Fargo & Company boosted their target price on Public Storage from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Public Storage has an average rating of “Moderate Buy” and an average target price of $316.67.

Public Storage Price Performance

Shares of NYSE:PSA opened at $271.17 on Friday. The company’s fifty day moving average is $269.31 and its two-hundred day moving average is $282.97. The company has a market cap of $47.58 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 5.54 and a beta of 1.01. Public Storage has a 12-month low of $256.54 and a 12-month high of $322.49. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.99.

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

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a $3.00 dividend. The ex-dividend date was Monday, December 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.4%. Public Storage’s dividend payout ratio is currently 124.61%.

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.