Doliver Advisors LP Has $886,000 Stock Holdings in Public Storage $PSA

Doliver Advisors LP boosted its stake in Public Storage (NYSE:PSA) by 92.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,019 shares of the real estate investment trust’s stock after purchasing an additional 1,448 shares during the quarter. Doliver Advisors LP’s holdings in Public Storage were worth $886,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in Public Storage in the fourth quarter worth $30,000. Spectrum Wealth Counsel LLC acquired a new stake in Public Storage in the first quarter worth $30,000. Opal Wealth Advisors LLC acquired a new stake in Public Storage in the first quarter worth $36,000. Wayfinding Financial LLC acquired a new stake in Public Storage in the first quarter worth $41,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Public Storage in the fourth quarter worth $43,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PSA shares. Evercore ISI raised their price target on shares of Public Storage from $308.00 to $309.00 and gave the stock an “in-line” rating in a report on Monday, August 4th. Barclays reduced their price objective on shares of Public Storage from $351.00 to $349.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Wall Street Zen cut shares of Public Storage from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. BNP Paribas upgraded shares of Public Storage to a “strong-buy” rating in a report on Tuesday, June 24th. Finally, BMO Capital Markets cut shares of Public Storage from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $340.00 to $325.00 in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.62.

Public Storage Stock Down 0.8%

Public Storage stock opened at $292.71 on Friday. Public Storage has a fifty-two week low of $256.60 and a fifty-two week high of $369.99. The stock has a market cap of $51.36 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 4.90 and a beta of 0.86. The firm’s 50-day simple moving average is $287.40 and its 200 day simple moving average is $293.56. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.77 and a current ratio of 1.77.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.05. Public Storage had a net margin of 38.13% and a return on equity of 34.06%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company earned $4.23 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Public Storage has set its FY 2025 guidance at 16.450-17.00 EPS. Research analysts predict that Public Storage will post 16.7 EPS for the current fiscal year.

Public Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, September 15th. This represents a $12.00 annualized dividend and a yield of 4.1%. Public Storage’s payout ratio is 130.86%.

Public Storage Company Profile

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.