Universal Beteiligungs und Servicegesellschaft mbH Invests $99.16 Million in Public Storage (NYSE:PSA)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Public Storage (NYSE:PSA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 331,140 shares of the real estate investment trust's stock, valued at approximately $99,157,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.19% of Public Storage at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PSA. Barclays PLC increased its stake in shares of Public Storage by 2.9% in the 3rd quarter. Barclays PLC now owns 465,653 shares of the real estate investment trust's stock worth $169,433,000 after purchasing an additional 13,065 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Public Storage by 8.4% in the 4th quarter. Atomi Financial Group Inc. now owns 890 shares of the real estate investment trust's stock valued at $267,000 after acquiring an additional 69 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Public Storage by 160.3% in the 4th quarter. SG Americas Securities LLC now owns 3,998 shares of the real estate investment trust's stock valued at $1,197,000 after acquiring an additional 10,623 shares during the last quarter. CX Institutional lifted its stake in Public Storage by 60.3% in the fourth quarter. CX Institutional now owns 1,266 shares of the real estate investment trust's stock worth $379,000 after purchasing an additional 476 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in Public Storage by 22.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 2,004 shares of the real estate investment trust's stock worth $600,000 after purchasing an additional 374 shares during the last quarter. 78.79% of the stock is owned by institutional investors.

Public Storage Stock Up 1.2%

PSA traded up $3.48 during trading hours on Thursday, reaching $305.64. 569,961 shares of the stock traded hands, compared to its average volume of 745,166. The firm's fifty day simple moving average is $294.03 and its two-hundred day simple moving average is $304.02. The company has a market cap of $53.62 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 4.91 and a beta of 0.91. Public Storage has a fifty-two week low of $256.60 and a fifty-two week high of $369.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.97 and a quick ratio of 0.97.

Public Storage (NYSE:PSA - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $4.12 EPS for the quarter, topping the consensus estimate of $4.06 by $0.06. Public Storage had a net margin of 40.54% and a return on equity of 34.07%. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $4.03 EPS. Public Storage's quarterly revenue was up .1% on a year-over-year basis. As a group, analysts forecast that Public Storage will post 16.7 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Thursday, June 12th. Public Storage's dividend payout ratio is presently 119.17%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PSA. Royal Bank of Canada cut their price objective on shares of Public Storage from $329.00 to $328.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Barclays lowered their price objective on shares of Public Storage from $354.00 to $351.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Wells Fargo & Company reduced their price target on Public Storage from $365.00 to $330.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Scotiabank upped their price objective on shares of Public Storage from $305.00 to $340.00 and gave the stock a "sector outperform" rating in a research report on Monday, May 12th. Finally, Evercore ISI upped their price objective on shares of Public Storage from $297.00 to $309.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $339.25.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.