Vanderbilt University Sells 2,702 Shares of Public Storage $PSA

Vanderbilt University decreased its holdings in shares of Public Storage (NYSE:PSA) by 25.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,857 shares of the real estate investment trust’s stock after selling 2,702 shares during the period. Vanderbilt University’s holdings in Public Storage were worth $2,128,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Public Storage by 1.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 37 shares during the period. Raiffeisen Bank International AG lifted its stake in Public Storage by 35.2% in the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 37 shares during the period. Doliver Advisors LP lifted its stake in Public Storage by 1.0% in the fourth quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock valued at $1,071,000 after buying an additional 39 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in Public Storage by 14.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 310 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 40 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Public Storage by 18.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 259 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group reaffirmed a “neutral” rating on shares of Public Storage in a research note on Monday. Scotiabank lifted their price objective on shares of Public Storage from $340.00 to $342.00 and gave the stock a “sector outperform” rating in a research note on Thursday, June 18th. Weiss Ratings upgraded shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. William Blair set a $305.00 target price on shares of Public Storage in a research note on Monday, March 16th. Finally, Jefferies Financial Group increased 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $324.68.

Public Storage Stock Down 1.0%

Shares of Public Storage stock opened at $318.09 on Thursday. Public Storage has a 1 year low of $256.54 and a 1 year high of $331.79. The business has a 50-day moving average of $308.40 and a two-hundred day moving average of $291.39. The company has a market capitalization of $55.84 billion, a P/E ratio of 32.83, a price-to-earnings-growth ratio of 4.32 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $4.12 EPS. Public Storage’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. As a group, equities analysts predict that Public Storage will post 16.94 EPS for the current year.

Public Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio is 123.84%.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $324.81, for a total transaction of $308,569.50. Following the completion of the sale, the insider owned 1,414 shares of the company’s stock, valued at $459,281.34. This represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.10% of the stock is owned by company insiders.

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.