Stephens Inc. AR Reduces Stock Position in Public Storage $PSA

Stephens Inc. AR lowered its holdings in shares of Public Storage (NYSE:PSA) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,608 shares of the real estate investment trust’s stock after selling 2,997 shares during the quarter. Stephens Inc. AR’s holdings in Public Storage were worth $6,931,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PSA. Empowered Funds LLC boosted its holdings in Public Storage by 13.3% during the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock valued at $954,000 after acquiring an additional 373 shares during the period. Sivia Capital Partners LLC purchased a new position in Public Storage during the 2nd quarter valued at $929,000. Nebula Research & Development LLC purchased a new position in Public Storage during the 2nd quarter valued at $1,113,000. Treasurer of the State of North Carolina boosted its holdings in 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 acquiring an additional 1,390 shares during the period. Finally, Ieq Capital LLC boosted its holdings in 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 acquiring an additional 33,122 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

Shares of PSA stock opened at $292.16 on Monday. Public Storage has a twelve month low of $256.54 and a twelve month high of $313.51. The stock has a market capitalization of $51.29 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 3.99 and a beta of 1.00. The stock has a fifty day simple moving average of $293.61 and a two-hundred day simple moving average of $284.36. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $1.22 billion during 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 firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, analysts predict that Public Storage will post 16.89 EPS for the current fiscal year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio is 123.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PSA shares. Barclays lowered their target price on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Scotiabank upped their target price on Public Storage from $321.00 to $340.00 in a report on Monday, May 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $341.00 target price on shares of Public Storage in a report on Wednesday, April 29th. Bank of America cut Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lowered their target price on Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $310.83.

About Public Storage

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.