9,298 Public Storage $PSA Shares Sold by D.A. Davidson & CO.

Key Points

• D.A. Davidson cut its Public Storage stake by 64.4%, selling 9,298 shares in the third quarter and retaining 5,139 shares valued at about $1.45 million.
• Public Storage reported quarterly revenue of $1.37 billion, above expectations, but EPS of $1.69 missed the $2.49 consensus; revenue was up 0.5% year over year.
• The company declared a quarterly dividend of $3 per share, equivalent to $12 annually and a roughly 3.5% yield. Analysts’ consensus rating is Hold, with a $325.79 price target.

D.A. Davidson & CO. decreased its stake in shares of Public Storage (NYSE:PSA - Free Report) by 64.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,139 shares of the real estate investment trust's stock after selling 9,298 shares during the quarter. D.A. Davidson & CO.'s holdings in Public Storage were worth $1,454,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new stake in Public Storage in the second quarter worth about $195,808,000. Nykredit A S purchased a new position in Public Storage during the 2nd quarter valued at about $17,378,000. PensionDanmark Pensionsforsikringsaktieselskab increased its position in Public Storage by 15.6% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 26,610 shares of the real estate investment trust's stock valued at $8,470,000 after purchasing an additional 3,588 shares during the period. Greenland Capital Management LP increased its position in Public Storage by 300.0% during the 2nd quarter. Greenland Capital Management LP now owns 6,600 shares of the real estate investment trust's stock valued at $2,101,000 after purchasing an additional 4,950 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in Public Storage by 25.3% during the second quarter. Benjamin Edwards Inc. now owns 16,577 shares of the real estate investment trust's stock worth $5,277,000 after buying an additional 3,343 shares during the period. 78.79% of the stock is owned by hedge funds and other institutional investors.

Public Storage News Summary

Here are the key news stories impacting Public Storage this week:

• Positive Sentiment: Public Storage declared a fourth-quarter dividend of $3.00 per share, payable January 8, 2027, to shareholders of record December 15. The annualized dividend is $12.00 per share, a yield of about 3.5%. Public Storage Declares Fourth Quarter 2026 Dividends
• Positive Sentiment: PSA recently reached a new 52-week high, indicating strong share-price momentum. Public Storage Reaches a New 52-Week High
• Negative Sentiment: UBS raised its price target to $334 from $294 but kept a “neutral” rating. With PSA trading above that target, the analyst’s view points to limited near-term upside and possible pressure on the shares. UBS Adjusts Price Target on Public Storage

Analysts Set New Price Targets

A number of brokerages recently weighed in on PSA. Wall Street Zen cut Public Storage from a "hold" rating to a "sell" rating in a research note on Saturday, October 31st. Scotiabank lowered their target price on shares of Public Storage from $346.00 to $343.00 and set a "sector outperform" rating for the company in a research note on Wednesday, September 2nd. Raymond James Financial initiated coverage on shares of Public Storage in a report on Thursday, July 16th. They issued a "market perform" rating on the stock. Wells Fargo & Company set a $311.00 price target on Public Storage in a research note on Tuesday, September 1st. Finally, Barclays upped their price objective on shares of Public Storage from $350.00 to $351.00 and gave the company an "equal weight" rating in a report on Thursday, September 10th. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $325.79.

Insider Activity at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is owned by insiders.

Public Storage Price Performance

Shares of NYSE:PSA opened at $342.56 on Thursday. Public Storage has a twelve month low of $256.54 and a twelve month high of $343.63. The company's 50 day moving average is $299.62 and its 200 day moving average is $303.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a market cap of $64.00 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 4.93 and a beta of 0.89.

Public Storage (NYSE:PSA - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.49 by ($0.80). Public Storage had a return on equity of 29.93% and a net margin of 37.76%. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the business posted $4.31 earnings per share. The business's quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts forecast that Public Storage will post 16.97 EPS for the current year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Tuesday, December 15th will be paid a $3.00 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.5%. Public Storage's dividend payout ratio is presently 125.65%.

Public Storage Profile

Public Storage NYSE: PSA is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.

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