Lasalle Investment Management Securities LLC Has $124.56 Million Stock Holdings in Public Storage $PSA

Lasalle Investment Management Securities LLC lowered its holdings in Public Storage (NYSE:PSAFree Report) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 479,993 shares of the real estate investment trust’s stock after selling 22,180 shares during the quarter. Public Storage comprises approximately 5.0% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 4th biggest holding. Lasalle Investment Management Securities LLC’s holdings in Public Storage were worth $124,558,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Rothschild Wealth LLC bought a new stake in Public Storage in the 4th quarter valued at about $220,000. Hazlett Burt & Watson Inc. boosted its holdings in Public Storage by 21.8% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 352 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 63 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Public Storage by 3.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 289,675 shares of the real estate investment trust’s stock valued at $75,171,000 after purchasing an additional 9,618 shares during the period. Founders Financial Securities LLC boosted its holdings in Public Storage by 41.5% in the 4th quarter. Founders Financial Securities LLC now owns 8,429 shares of the real estate investment trust’s stock valued at $2,187,000 after purchasing an additional 2,471 shares during the period. Finally, MUFG Securities EMEA plc boosted its holdings in Public Storage by 114.5% in the 4th quarter. MUFG Securities EMEA plc now owns 6,481 shares of the real estate investment trust’s stock valued at $1,682,000 after purchasing an additional 3,459 shares during the period. Institutional investors own 78.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on PSA shares. Bank of America downgraded shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price objective for the company. in a report on Thursday, February 5th. William Blair set a $305.00 target price on shares of Public Storage in a research report on Monday, March 16th. Scotiabank boosted their target price on shares of Public Storage from $321.00 to $340.00 in a research report on Monday, May 11th. BNP Paribas Exane boosted their target price on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of 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 assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $316.06.

Check Out Our Latest Research Report on PSA

Public Storage Price Performance

Shares of NYSE:PSA opened at $304.01 on Monday. The firm has a 50 day moving average of $294.80 and a 200-day moving average of $286.00. The stock has a market capitalization of $53.37 billion, a PE ratio of 31.37, a PEG ratio of 4.14 and a beta of 0.98. 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 has a 12 month low of $256.54 and a 12 month high of $313.51.

Public Storage (NYSE:PSAGet Free Report) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities research analysts predict that Public Storage will post 16.9 EPS for the current fiscal year.

Public Storage Announces Dividend

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 given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio is currently 123.84%.

Public Storage Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Public Storage (NYSE:PSA)

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