Stevens Capital Management LP Takes $1.15 Million Position in Public Storage $PSA

Stevens Capital Management LP bought a new position in shares of Public Storage (NYSE:PSA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,431 shares of the real estate investment trust's stock, valued at approximately $1,150,000.

Several other institutional investors have also bought and sold shares of PSA. National Pension Service grew its holdings in shares of Public Storage by 4.2% in the 3rd quarter. National Pension Service now owns 255,300 shares of the real estate investment trust's stock worth $73,743,000 after purchasing an additional 10,345 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Public Storage by 57.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust's stock valued at $1,437,000 after purchasing an additional 1,816 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in Public Storage by 14,992.3% in the third quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust's stock valued at $3,400,000 after buying an additional 11,694 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Public Storage by 19.9% in the third quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust's stock valued at $11,766,000 after buying an additional 6,814 shares in the last quarter. Finally, Barclays PLC grew its stake in Public Storage by 93.8% during the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust's stock worth $174,165,000 after buying an additional 291,895 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company's stock.

Public Storage Stock Performance

Shares of Public Storage stock opened at $298.75 on Wednesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $52.45 billion, a P/E ratio of 30.83, a P/E/G ratio of 3.94 and a beta of 1.00. The firm has a 50 day simple moving average of $293.51 and a 200 day simple moving average of $284.38. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $313.51.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Sell-side analysts predict that Public Storage will post 16.88 earnings per share for the current fiscal year.

Public Storage Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Public Storage from $295.00 to $291.00 and set a "neutral" rating for the company in a report on Monday, March 23rd. Evercore set a $306.00 price target on Public Storage in a research report on Monday. Bank of America cut 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. Wall Street Zen upgraded Public Storage from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft lowered Public Storage from a "buy" rating to a "hold" rating and set a $285.00 price objective on the stock. in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $308.83.

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.

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