Equitable Trust Co. Sells 5,949 Shares of Public Storage $PSA

Key Points

• Equitable Trust Co. reduced its stake by 16.5% in Q4, selling 5,949 shares and now holds 30,091 Public Storage shares valued at about $7.81 million.
• Public Storage beat quarterly EPS estimates ($2.71 vs. $2.42), set FY2026 guidance of $16.35–17.00 EPS, and pays a $3.00 quarterly dividend (a 4.0% yield) despite a high payout ratio of 123.84%.
• Analysts hold a consensus rating of "Moderate Buy" with an average target of $308.83, though recent notes were mixed — Truist raised its target to $317 (buy) while Deutsche Bank and Bank of America downgraded to hold/neutral.

Equitable Trust Co. reduced its holdings in shares of Public Storage (NYSE:PSA - Free Report) by 16.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,091 shares of the real estate investment trust's stock after selling 5,949 shares during the quarter. Equitable Trust Co.'s holdings in Public Storage were worth $7,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PSA. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage in the third quarter valued at $27,000. Raiffeisen Bank International AG bought a new position in shares of Public Storage in the third quarter valued at $30,000. Wealth Watch Advisors INC bought a new position in shares of Public Storage in the third quarter valued at $34,000. Quent Capital LLC bought a new position in shares of Public Storage in the third quarter valued at $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Public Storage by 2,940.0% in the fourth 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 in the last quarter. 78.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on PSA. Truist Financial raised their target price 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. Deutsche Bank Aktiengesellschaft cut shares of Public Storage from a "buy" rating to a "hold" rating and set a $285.00 target price for the company. in a research note on Tuesday, January 20th. BMO Capital Markets reissued a "market perform" rating on shares of Public Storage in a research note on Monday, March 16th. William Blair set a $305.00 target price on shares of Public Storage in a research note on Monday, March 16th. Finally, Bank of America downgraded Public Storage from a "buy" rating to a "neutral" rating and set a $310.00 price target for the company. in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Public Storage has a consensus rating of "Moderate Buy" and an average target price of $308.83.

Public Storage Trading Up 1.1%

Shares of Public Storage stock opened at $298.75 on Wednesday. The business has a fifty day simple moving average of $293.51 and a two-hundred day simple moving average of $284.38. Public Storage has a 1 year low of $256.54 and a 1 year high of $313.51. The company has a market capitalization of $52.45 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 3.94 and a beta of 1.00. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56.

Public Storage (NYSE:PSA - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $4.12 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts forecast that Public Storage will post 16.88 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $12.00 annualized dividend and a yield of 4.0%. Public Storage's dividend payout ratio (DPR) 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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