Kestra Private Wealth Services LLC Sells 3,618 Shares of Public Storage $PSA

Key Points

• Kestra Private Wealth trimmed its position in Public Storage by 45.3% in Q4, selling 3,618 shares and leaving 4,371 shares worth about $1.134 million.
• Earnings beat: Public Storage reported Q1 EPS of $2.71 (beats consensus by $0.29) with revenue ~ $1.22B, set FY2026 guidance of $16.350–17.000 EPS, and analysts forecast ~16.88 EPS for the year.
• Dividend and sentiment: The REIT pays a $3.00 quarterly dividend ($12 annual, ~4.0% yield) with a payout ratio near 123.8%; shares trade around $301.89 and carry a consensus "Moderate Buy" rating with an average target of $309.

Kestra Private Wealth Services LLC trimmed its position in Public Storage (NYSE:PSA - Free Report) by 45.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,371 shares of the real estate investment trust's stock after selling 3,618 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Public Storage were worth $1,134,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. First Pacific Financial bought a new position in Public Storage in the third quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd bought a new position in Public Storage in the third quarter valued at approximately $27,000. Raiffeisen Bank International AG bought a new position in Public Storage in the third quarter valued at approximately $30,000. Tradewinds Capital Management LLC bought a new position in Public Storage in the third quarter valued at approximately $33,000. Finally, Wealth Watch Advisors INC bought a new position in Public Storage in the third quarter valued at approximately $34,000. 78.79% of the stock is owned by institutional investors.

Public Storage Trading Down 0.2%

Shares of NYSE PSA opened at $301.89 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 0.56. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51. The firm has a 50 day moving average price of $293.63 and a two-hundred day moving average price of $284.52. The stock has a market cap of $53.00 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 4.02 and a beta of 1.00.

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

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $3.00 dividend. The ex-dividend date was Monday, March 16th. This represents a $12.00 annualized dividend and a yield of 4.0%. Public Storage's payout ratio is presently 123.84%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PSA shares. 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. Weiss Ratings reissued a "hold (c)" rating on shares of Public Storage in a research note on Tuesday, April 21st. Jefferies Financial Group dropped their price objective on shares of Public Storage from $345.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, April 14th. BMO Capital Markets reissued a "market perform" rating on shares of Public Storage in a research note on Monday, March 16th. Finally, Wall Street Zen raised shares of Public Storage from a "sell" rating to a "hold" rating in a research note on Saturday. 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's stock. According to data from MarketBeat, Public Storage has an average rating of "Moderate Buy" and an average target price of $309.00.

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.

Want to see what other hedge funds are holding PSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Storage (NYSE:PSA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.