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

Jefferies Financial Group Inc. lowered its holdings in shares of Public Storage (NYSE:PSA) by 95.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 982 shares of the real estate investment trust’s stock after selling 19,025 shares during the period. Jefferies Financial Group Inc.’s holdings in Public Storage were worth $255,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MQS Management LLC bought a new position in Public Storage during the fourth quarter worth about $976,000. Axxcess Wealth Management LLC boosted its holdings in shares of Public Storage by 153.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,888 shares of the real estate investment trust’s stock worth $1,528,000 after acquiring an additional 3,562 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of 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 worth $575,000 after acquiring an additional 37 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Public Storage by 11.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,512 shares of the real estate investment trust’s stock worth $911,000 after acquiring an additional 359 shares during the period. Finally, Trajan Wealth LLC boosted its holdings in shares of Public Storage by 3.4% during the fourth quarter. Trajan Wealth LLC now owns 17,735 shares of the real estate investment trust’s stock worth $4,602,000 after acquiring an additional 589 shares during the period. Institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

PSA has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price objective on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Scotiabank boosted their price objective on Public Storage from $321.00 to $340.00 in a report on Monday, May 11th. Evercore set a $306.00 price objective on Public Storage in a report on Monday, May 4th. William Blair set a $305.00 price objective on Public Storage in a report on Monday, March 16th. Finally, UBS Group boosted their price objective on Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Public Storage presently has an average rating of “Hold” and an average target price of $316.06.

Public Storage Stock Up 0.1%

NYSE PSA opened at $304.01 on Monday. 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 company has a 50 day moving average of $294.80 and a 200-day moving average of $286.00. The company has a market cap of $53.37 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 4.14 and a beta of 0.98.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $4.12 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities research analysts expect that Public Storage will post 16.9 earnings per share for the current fiscal year.

Public Storage Announces Dividend

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