Wealthfront Advisers LLC Purchases 14,113 Shares of Public Storage $PSA

Key Points

• Wealthfront Advisers LLC increased its stake in Public Storage by 154.1%, buying 14,113 shares in the quarter to hold 23,272 shares worth about $6.04 million, while institutional investors now own 78.79% of the company.
• Public Storage reported quarterly EPS of $2.71 (beating the $2.42 estimate) on $1.22 billion in revenue (down 0.1% YoY) and set FY2026 guidance of 16.35–17.00 EPS versus analysts' 16.88 expectation.
• The company pays a $3.00 quarterly dividend (a $12.00 annualized payout, ~4.0% yield) but has a high payout ratio of 123.84%; the stock carries a consensus rating of "Moderate Buy" with a $309 price target.

Wealthfront Advisers LLC grew its position in shares of Public Storage (NYSE:PSA - Free Report) by 154.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,272 shares of the real estate investment trust's stock after acquiring an additional 14,113 shares during the quarter. Wealthfront Advisers LLC's holdings in Public Storage were worth $6,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PSA. Empowered Funds LLC increased its holdings in shares of Public Storage by 13.3% during the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust's stock valued at $954,000 after acquiring an additional 373 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Public Storage during the second quarter valued at approximately $929,000. Nebula Research & Development LLC bought a new stake in shares of Public Storage during the second quarter valued at approximately $1,113,000. Treasurer of the State of North Carolina boosted its position in shares of Public Storage by 1.9% during the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust's stock valued at $21,647,000 after buying an additional 1,390 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Public Storage by 219.8% during the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust's stock valued at $14,140,000 after buying an additional 33,122 shares during the last quarter. Institutional investors own 78.79% of the company's stock.

Public Storage Stock Up 3.0%

PSA stock opened at $302.77 on Friday. The stock's fifty day simple moving average is $293.63 and its two-hundred day simple moving average is $284.62. The company has a current ratio of 0.56, a quick ratio of 0.75 and a debt-to-equity ratio of 2.02. Public Storage has a 1-year low of $256.54 and a 1-year high of $313.51. The stock has a market cap of $53.14 billion, a P/E ratio of 31.25, a P/E/G ratio of 3.92 and a beta of 1.02.

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 for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $4.12 earnings per share. The business's revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Analysts expect that Public Storage will post 16.88 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $3.00 dividend. 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 payout ratio is currently 123.84%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PSA. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Public Storage in a research report on Tuesday, April 21st. Bank of America cut Public Storage from a "buy" rating to a "neutral" rating and set a $310.00 target price on the stock. in a research report on Thursday, February 5th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Public Storage in a research report on Monday, March 16th. Wolfe Research cut Public Storage from an "outperform" rating to a "peer perform" rating in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. cut their target price on Public Storage from $295.00 to $291.00 and set a "neutral" rating on the stock in a research report on Monday, March 23rd. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $309.00.

About Public Storage

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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