Founders Financial Securities LLC Boosts Holdings in Public Storage $PSA

Founders Financial Securities LLC raised its stake in shares of Public Storage (NYSE:PSA) by 41.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,429 shares of the real estate investment trust’s stock after purchasing an additional 2,471 shares during the period. Founders Financial Securities LLC’s holdings in Public Storage were worth $2,187,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC lifted its holdings in Public Storage by 25.3% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock valued at $4,829,000 after purchasing an additional 3,763 shares in the last quarter. National Pension Service raised its position in shares of Public Storage by 4.2% in the third quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock valued at $73,743,000 after buying an additional 10,345 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Public Storage by 57.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock valued at $1,437,000 after buying an additional 1,816 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Public Storage by 14,992.3% in the third quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock valued at $3,400,000 after buying an additional 11,694 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Public Storage by 19.9% in the third quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock valued at $11,766,000 after buying an additional 6,814 shares during the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group increased their target price on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. BNP Paribas Exane increased their target price on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. reduced their target price on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Finally, Wells Fargo & Company cut shares of Public Storage from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $330.00 to $295.00 in a research report on Thursday, February 5th. One research 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 company’s stock. According to MarketBeat, Public Storage presently has an average rating of “Hold” and a consensus price target of $316.06.

Public Storage Price Performance

Public Storage stock opened at $304.01 on Monday. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51. The stock has a market cap of $53.37 billion, a P/E ratio of 31.37, a PEG ratio of 4.14 and a beta of 0.98. The company has a 50-day moving average price of $294.80 and a 200 day moving average price of $286.00. 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 released its quarterly earnings data 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 net margin of 39.16% and a return on equity of 37.78%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business earned $4.12 earnings per share. Public Storage’s revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Sell-side analysts anticipate that Public Storage will post 16.9 earnings per share for the current year.

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 3.9%. The ex-dividend date is 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.