Stevens Capital Management LP Buys Shares of 4,431 Public Storage $PSA

Stevens Capital Management LP bought a new stake in Public Storage (NYSE:PSA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,431 shares of the real estate investment trust’s stock, valued at approximately $1,150,000.

Several other institutional investors also recently modified their holdings of PSA. Harvest Fund Management Co. Ltd acquired a new position in Public Storage in the third quarter valued at approximately $27,000. Raiffeisen Bank International AG bought a new position in Public Storage in the third quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new stake in Public Storage during the 3rd quarter worth $34,000. Quent Capital LLC bought a new stake in shares of Public Storage during the 3rd quarter valued at $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Public Storage by 2,940.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PSA shares. Evercore set a $306.00 price target on Public Storage in a research report on Monday. The Goldman Sachs Group restated a “buy” rating and set a $341.00 target price on shares of Public Storage in a report on Wednesday, April 29th. Wells Fargo & Company cut Public Storage from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. Barclays lifted their price objective on shares of Public Storage from $347.00 to $352.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Finally, Truist Financial upped their target price on shares of Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $308.83.

Public Storage Trading Up 1.1%

NYSE PSA opened at $298.75 on Wednesday. Public Storage has a one year low of $256.54 and a one year high of $313.51. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $52.45 billion, a P/E ratio of 30.83, a P/E/G ratio of 3.94 and a beta of 1.00. The stock’s 50-day moving average is $293.51 and its 200-day moving average is $284.38.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $4.12 EPS. Public Storage’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. Sell-side analysts anticipate that Public Storage will post 16.88 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

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