Public Storage $PSA Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its holdings in Public Storage (NYSE:PSA) by 56.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,080 shares of the real estate investment trust’s stock after selling 10,520 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Public Storage were worth $2,097,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dockside LLC acquired a new stake in Public Storage in the fourth quarter valued at $2,212,000. Arrowstreet Capital Limited Partnership lifted its holdings in Public Storage by 64.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 361,225 shares of the real estate investment trust’s stock valued at $93,738,000 after acquiring an additional 141,942 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Public Storage by 1.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 35,084 shares of the real estate investment trust’s stock valued at $9,104,000 after acquiring an additional 478 shares during the period. Jacobi Capital Management LLC lifted its holdings in Public Storage by 9.2% in the fourth quarter. Jacobi Capital Management LLC now owns 2,242 shares of the real estate investment trust’s stock valued at $582,000 after acquiring an additional 188 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its holdings in Public Storage by 326.7% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 32,963 shares of the real estate investment trust’s stock valued at $8,554,000 after acquiring an additional 25,237 shares during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PSA shares. William Blair set a $305.00 target price on Public Storage in a report on Monday, March 16th. The Goldman Sachs Group restated a “buy” rating and issued a $341.00 price target on shares of Public Storage in a research report on Wednesday, April 29th. BNP Paribas Exane raised their price target on 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. raised their price target on Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Finally, Evercore raised their price target on Public Storage from $306.00 to $317.00 in a research report on Monday, June 8th. One 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 MarketBeat, Public Storage presently has an average rating of “Hold” and a consensus target price of $321.22.

Public Storage Trading Down 1.5%

Shares of PSA stock opened at $321.18 on Tuesday. The stock has a market cap of $56.38 billion, a P/E ratio of 33.15, a P/E/G ratio of 4.44 and a beta of 0.98. The business has a fifty day simple moving average of $304.14 and a 200-day simple moving average of $289.24. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $331.79. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, analysts forecast that Public Storage will post 16.92 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is currently 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.