Pure Financial Advisors LLC Trims Stock Holdings in Public Storage $PSA

Pure Financial Advisors LLC lowered its holdings in Public Storage (NYSE:PSA) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,964 shares of the real estate investment trust’s stock after selling 1,689 shares during the period. Pure Financial Advisors LLC’s holdings in Public Storage were worth $2,067,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC grew its holdings in Public Storage by 25.3% during the 4th 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 buying an additional 3,763 shares in the last quarter. Barclays PLC lifted its holdings in shares of Public Storage by 93.8% in the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after buying an additional 291,895 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of Public Storage by 777.1% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,605 shares of the real estate investment trust’s stock worth $752,000 after buying an additional 2,308 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Public Storage by 5.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust’s stock valued at $118,576,000 after acquiring an additional 25,353 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its position in shares of Public Storage by 16.0% in the third quarter. Swiss Life Asset Management Ltd now owns 34,448 shares of the real estate investment trust’s stock valued at $9,950,000 after acquiring an additional 4,762 shares during the period. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PSA shares. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. increased their target price on shares of Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. William Blair set a $305.00 price target on shares of Public Storage in a report on Monday, March 16th. Evercore boosted their price target on shares of Public Storage from $306.00 to $317.00 in a research report on Monday, June 8th. Finally, Jefferies Financial Group upped their price target on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $323.53.

Public Storage Stock Performance

Shares of PSA opened at $318.12 on Friday. Public Storage has a 12-month low of $256.54 and a 12-month high of $331.79. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market cap of $55.85 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 4.33 and a beta of 0.98. The stock has a 50-day moving average price of $306.88 and a 200-day moving average price of $290.33.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. Public Storage’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts forecast that Public Storage will post 16.94 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.8%. Public Storage’s dividend payout ratio is presently 123.84%.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $324.81, for a total value of $308,569.50. Following the transaction, the insider owned 1,414 shares of the company’s stock, valued at $459,281.34. This represents a 40.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.10% of the stock is owned by insiders.

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.