Los Angeles Capital Management LLC Decreases Position in Public Storage $PSA

Los Angeles Capital Management LLC decreased its holdings in shares of Public Storage (NYSE:PSA) by 73.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,692 shares of the real estate investment trust’s stock after selling 42,794 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Public Storage were worth $4,407,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PSA. Knights of Columbus Asset Advisors LLC increased its holdings in Public Storage by 25.3% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock worth $4,829,000 after purchasing an additional 3,763 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Public Storage by 57.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock worth $1,437,000 after purchasing an additional 1,816 shares during the period. Barclays PLC increased its holdings in Public Storage by 93.8% during the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after purchasing an additional 291,895 shares during the period. Advisors Asset Management Inc. increased its holdings in Public Storage by 35.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,158 shares of the real estate investment trust’s stock worth $4,090,000 after purchasing an additional 3,741 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its holdings in Public Storage by 777.1% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,605 shares of the real estate investment trust’s stock worth $752,000 after purchasing an additional 2,308 shares during the period. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Performance

Shares of PSA stock opened at $311.26 on Tuesday. The firm has a market capitalization of $54.64 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 4.22 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. The business has a fifty day moving average of $298.94 and a 200 day moving average of $287.29. Public Storage has a 1 year low of $256.54 and a 1 year high of $313.51.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $4.12 EPS. The firm’s quarterly revenue 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, research analysts expect that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PSA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Public Storage in a research report on Tuesday, April 21st. UBS Group increased their target price on Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Evercore increased their target price on Public Storage from $306.00 to $317.00 in a research report on Monday. William Blair set a $305.00 target price on Public Storage in a research report on Monday, March 16th. Finally, Royal Bank Of Canada increased their target price on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $316.67.

Public Storage 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.