Lasalle Investment Management Securities LLC Has $124.56 Million Stake in Public Storage $PSA

Lasalle Investment Management Securities LLC lessened its position in Public Storage (NYSE:PSA) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 479,993 shares of the real estate investment trust’s stock after selling 22,180 shares during the period. Public Storage comprises about 5.0% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 4th largest holding. Lasalle Investment Management Securities LLC owned 0.27% of Public Storage worth $124,558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage in the 3rd quarter valued at about $27,000. Raiffeisen Bank International AG bought a new position in shares of Public Storage in the 3rd quarter valued at about $30,000. Wealth Watch Advisors INC bought a new position in shares of Public Storage in the 3rd quarter valued at about $34,000. Knuff & Co LLC bought a new position in shares of Public Storage in the 4th quarter valued at about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Public Storage by 2,940.0% in 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 period. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Performance

Shares of PSA stock opened at $304.01 on Monday. The company has a market capitalization of $53.37 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 4.14 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. The company has a 50-day simple moving average of $294.80 and a 200 day simple moving average of $286.00. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51.

Public Storage (NYSE:PSA) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. Public Storage’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, sell-side analysts predict that Public Storage will post 16.9 earnings per share for the current year.

Public Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. Public Storage’s payout ratio is presently 123.84%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PSA shares. Wells Fargo & Company downgraded shares of Public Storage from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $330.00 to $295.00 in a research report on Thursday, February 5th. Evercore set a $306.00 price objective on shares of Public Storage in a research report on Monday, May 4th. BNP Paribas Exane lifted their target price on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Jefferies Financial Group lifted their target price on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $316.06.

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.