Public Storage $PSA Shares Sold by Horizon Investments LLC

Horizon Investments LLC lessened its stake in Public Storage (NYSE:PSA) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,480 shares of the real estate investment trust’s stock after selling 1,851 shares during the period. Horizon Investments LLC’s holdings in Public Storage were worth $4,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Public Storage by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock valued at $6,576,534,000 after acquiring an additional 2,274,397 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Public Storage by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock valued at $963,177,000 after acquiring an additional 177,421 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Public Storage by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust’s stock valued at $633,796,000 after acquiring an additional 49,996 shares in the last quarter. APG Asset Management US Inc. boosted its stake in Public Storage by 0.7% in the third quarter. APG Asset Management US Inc. now owns 2,184,979 shares of the real estate investment trust’s stock valued at $635,130,000 after acquiring an additional 14,367 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Public Storage by 5.2% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,940,574 shares of the real estate investment trust’s stock valued at $560,535,000 after acquiring an additional 96,627 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PSA. Deutsche Bank Aktiengesellschaft cut shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 target price for the company. in a report on Tuesday, January 20th. 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 report on Monday, March 23rd. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada upped their target price on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Public Storage in a report on Monday, March 16th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $309.00.

Public Storage Trading Up 0.1%

NYSE PSA opened at $301.89 on Monday. The stock has a market capitalization of $52.99 billion, a P/E ratio of 31.15, a P/E/G ratio of 4.02 and a beta of 1.00. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51. The firm has a 50-day moving average price of $293.63 and a 200 day moving average price of $284.39. 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 issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) 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 analysts’ expectations of $1.22 billion. During the same period last year, the company posted $4.12 earnings per share. The firm’s quarterly 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. Equities research analysts expect that Public Storage will post 16.88 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a $3.00 dividend. The ex-dividend date was Monday, March 16th. This represents a $12.00 annualized dividend and a dividend yield of 4.0%. Public Storage’s dividend payout ratio is currently 123.84%.

About Public Storage

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.