Public Storage $PSA Shares Sold by WD Rutherford LLC

WD Rutherford LLC trimmed its stake in Public Storage (NYSE:PSA) by 72.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,613 shares of the real estate investment trust’s stock after selling 4,350 shares during the period. WD Rutherford LLC’s holdings in Public Storage were worth $437,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in PSA. Harvest Fund Management Co. Ltd acquired a new stake in Public Storage in the 3rd quarter valued at approximately $27,000. Bayban acquired a new position in Public Storage during the fourth quarter worth $26,000. Wealth Watch Advisors INC purchased a new position in shares of Public Storage during the third quarter worth $34,000. Raiffeisen Bank International AG boosted its position in shares of Public Storage by 35.2% during the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 37 shares during the period. Finally, Knuff & Co LLC acquired a new stake in shares of Public Storage in the fourth quarter valued at $38,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Nathaniel A. Vitan sold 950 shares of Public Storage stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $324.81, for a total value of $308,569.50. Following the completion of the transaction, the insider owned 1,414 shares in the company, valued at $459,281.34. The trade was 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 through this hyperlink. 11.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PSA has been the topic of several research analyst reports. William Blair set a $305.00 price objective on Public Storage in a report on Monday, March 16th. Jefferies Financial Group lifted their target price on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. UBS Group reiterated a “neutral” rating on shares of Public Storage in a research note on Monday, June 22nd. Evercore increased their price target on shares of Public Storage from $317.00 to $318.00 in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Public Storage presently has an average rating of “Hold” and an average price target of $324.68.

Public Storage Trading Up 1.5%

PSA opened at $323.20 on Thursday. Public Storage has a 12 month low of $256.54 and a 12 month high of $331.79. The stock has a market capitalization of $56.74 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 4.28 and a beta of 0.96. 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 price of $310.06 and a 200 day moving average price of $293.24.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.Public Storage’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Sell-side analysts expect that Public Storage will post 16.94 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $3.00 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.7%. Public Storage’s dividend payout ratio (DPR) is 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.