Universal Beteiligungs und Servicegesellschaft mbH Has $68.58 Million Stock Position in Public Storage $PSA

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Public Storage (NYSE:PSA) by 28.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,432 shares of the real estate investment trust’s stock after selling 92,547 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Public Storage worth $68,582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in Public Storage by 13.3% in the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 373 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Public Storage in the second quarter worth approximately $929,000. Diversified Trust Co acquired a new position in shares of Public Storage during the 2nd quarter worth $418,000. Farther Finance Advisors LLC raised its holdings in shares of Public Storage by 3.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,332 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 86 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Public Storage by 1.3% in the 2nd quarter. Park Avenue Securities LLC now owns 3,775 shares of the real estate investment trust’s stock valued at $1,108,000 after purchasing an additional 50 shares during the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Public Storage Trading Down 2.9%

Public Storage stock opened at $285.49 on Wednesday. Public Storage has a 52 week low of $256.54 and a 52 week high of $322.49. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market capitalization of $50.09 billion, a PE ratio of 29.65, a PEG ratio of 7.16 and a beta of 1.01. The business’s 50-day simple moving average is $270.89 and its 200-day simple moving average is $282.38.

Public Storage (NYSE:PSA) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.07. Public Storage had a return on equity of 36.09% and a net margin of 39.53%.The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $4.20 EPS. The company’s revenue was down 5.4% on a year-over-year basis. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. Equities research analysts forecast that Public Storage will post 16.7 earnings per share for the current year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, December 15th. Public Storage’s dividend payout ratio is presently 124.61%.

Analyst Ratings Changes

Several research firms have commented on PSA. Weiss Ratings reissued a “hold (c)” rating on shares of Public Storage in a research report on Wednesday, October 8th. BMO Capital Markets decreased their price target on Public Storage from $320.00 to $305.00 and set a “market perform” rating for the company in a research note on Monday, December 22nd. Mizuho cut their price objective on Public Storage from $310.00 to $285.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. The Goldman Sachs Group reduced their target price on Public Storage from $332.00 to $321.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Finally, UBS Group lowered their price target on Public Storage from $293.00 to $276.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $313.19.

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.