Public Storage $PSA Shares Sold by WBH Advisory Inc.

WBH Advisory Inc. reduced its holdings in Public Storage (NYSE:PSA) by 3.6% during the 2nd quarter, Holdings Channel reports. The firm owned 4,314 shares of the real estate investment trust’s stock after selling 163 shares during the quarter. WBH Advisory Inc.’s holdings in Public Storage were worth $1,266,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Chicago Partners Investment Group LLC grew its holdings in Public Storage by 44.7% in the second quarter. Chicago Partners Investment Group LLC now owns 1,142 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 353 shares during the period. Sigma Investment Counselors Inc. grew its holdings in Public Storage by 5.6% in the second quarter. Sigma Investment Counselors Inc. now owns 10,482 shares of the real estate investment trust’s stock valued at $3,076,000 after purchasing an additional 554 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Public Storage in the second quarter valued at approximately $94,297,000. Signature Estate & Investment Advisors LLC grew its holdings in Public Storage by 19.9% in the second quarter. Signature Estate & Investment Advisors LLC now owns 812 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 135 shares during the period. Finally, Quotient Wealth Partners LLC grew its holdings in Public Storage by 19.0% in the second quarter. Quotient Wealth Partners LLC now owns 1,054 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 168 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on PSA shares. BNP Paribas raised Public Storage to a “strong-buy” rating in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft raised Public Storage from a “hold” rating to a “buy” rating and set a $325.00 price objective on the stock in a report on Monday, October 13th. Wall Street Zen downgraded Public Storage from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Scotiabank decreased their target price on Public Storage from $340.00 to $333.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 28th. Finally, Evercore ISI raised their target price on Public Storage from $312.00 to $317.00 and gave the company a “cautious” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $324.92.

Public Storage Stock Performance

NYSE PSA opened at $311.70 on Tuesday. Public Storage has a 1-year low of $256.60 and a 1-year high of $355.87. The company has a market cap of $54.69 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.77 and a quick ratio of 1.77. The stock’s 50 day simple moving average is $290.41 and its 200-day simple moving average is $291.90.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.05. Public Storage had a return on equity of 34.06% and a net margin of 38.13%.The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business posted $4.23 earnings per share. The firm’s revenue 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. As a group, equities research analysts anticipate that Public Storage will post 16.7 EPS for the current fiscal year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $3.00 per share. The ex-dividend date was Monday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.8%. Public Storage’s dividend payout ratio (DPR) is presently 130.86%.

Public Storage 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.