Pure Financial Advisors LLC Sells 1,689 Shares of Public Storage $PSA

Pure Financial Advisors LLC lowered its stake in shares of Public Storage (NYSE:PSA) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,964 shares of the real estate investment trust’s stock after selling 1,689 shares during the period. Pure Financial Advisors LLC’s holdings in Public Storage were worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSA. Empowered Funds LLC boosted its holdings in Public Storage by 13.3% during the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 373 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Public Storage during the second quarter worth about $929,000. Nebula Research & Development LLC bought a new position in Public Storage during the second quarter worth about $1,113,000. Treasurer of the State of North Carolina lifted its holdings in shares of Public Storage by 1.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock valued at $21,647,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in shares of Public Storage by 219.8% during the 2nd quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock valued at $14,140,000 after purchasing an additional 33,122 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

PSA has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their price objective on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Jefferies Financial Group lifted their price objective on Public Storage from $330.00 to $350.00 in a report on Thursday. Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. William Blair set a $305.00 price objective on Public Storage in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. cut their price objective on Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $309.78.

Public Storage Trading Up 0.0%

NYSE PSA opened at $311.05 on Monday. The stock has a market capitalization of $54.60 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 4.25 and a beta of 1.00. The stock’s 50 day moving average price is $293.68 and its two-hundred day moving average price is $284.41. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51.

Public Storage (NYSE:PSA) last released its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, analysts anticipate that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 3.9%. Public Storage’s payout ratio is presently 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.