AlphaCore Capital LLC boosted its holdings in Public Storage (NYSE:PSA – Free Report) by 267.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,538 shares of the real estate investment trust’s stock after purchasing an additional 2,576 shares during the quarter. AlphaCore Capital LLC’s holdings in Public Storage were worth $918,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in Public Storage in the 3rd quarter valued at $27,000. Raiffeisen Bank International AG acquired a new position in Public Storage in the 3rd quarter valued at $30,000. Wealth Watch Advisors INC acquired a new position in Public Storage in the 3rd quarter valued at $34,000. Knuff & Co LLC acquired a new position in Public Storage in the 4th quarter valued at $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Public Storage by 2,940.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on PSA. Scotiabank boosted their price objective on shares of Public Storage from $321.00 to $340.00 in a research note on Monday, May 11th. Wells Fargo & Company cut shares of Public Storage from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. Truist Financial boosted their price objective on shares of Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Public Storage presently has an average rating of “Moderate Buy” and an average price target of $312.94.
Public Storage Stock Performance
NYSE:PSA opened at $295.85 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $313.51. The stock has a market cap of $51.94 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 3.99 and a beta of 1.00. The firm’s fifty day simple moving average is $293.39 and its 200-day simple moving average is $284.35.
Public Storage (NYSE:PSA – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $4.12 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Analysts expect that Public Storage will post 16.89 earnings per share for the current fiscal year.
Public Storage Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 4.1%. Public Storage’s payout ratio is currently 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.
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