North Dallas Bank & Trust Co. Takes Position in Public Storage $PSA

North Dallas Bank & Trust Co. acquired a new stake in Public Storage (NYSE:PSA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,270 shares of the real estate investment trust’s stock, valued at approximately $849,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PSA. Harvest Fund Management Co. Ltd purchased a new position in shares of Public Storage in the 3rd quarter valued at about $27,000. Raiffeisen Bank International AG acquired a new position in Public Storage in the third quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new position in Public Storage in the third quarter valued at approximately $34,000. Knuff & Co LLC acquired a new position in Public Storage in the fourth quarter valued at approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Public Storage by 2,940.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Stock Performance

Shares of PSA opened at $322.60 on Wednesday. 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 has a 52-week low of $256.54 and a 52-week high of $324.56. The stock has a 50 day moving average price of $300.07 and a 200 day moving average price of $287.69. The company has a market capitalization of $56.63 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 4.24 and a beta of 0.98.

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 for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business earned $4.12 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts predict that Public Storage will post 16.92 EPS for the current fiscal year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. Public Storage’s payout ratio is currently 123.84%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PSA. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. William Blair set a $305.00 price target on Public Storage in a report on Monday, March 16th. UBS Group upped their price target on Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Barclays lowered their price target on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 price target on shares of Public Storage in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Public Storage presently has an average rating of “Hold” and a consensus price target of $316.67.

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.