Natixis Advisors LLC Reduces Stake in Public Storage $PSA

Natixis Advisors LLC reduced its position in Public Storage (NYSE:PSA) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,743 shares of the real estate investment trust’s stock after selling 8,365 shares during the period. Natixis Advisors LLC’s holdings in Public Storage were worth $15,763,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC increased its stake in Public Storage by 25.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock valued at $4,829,000 after purchasing an additional 3,763 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in Public Storage by 57.5% in 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 in the last quarter. Barclays PLC increased its stake in Public Storage by 93.8% in the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock valued at $174,165,000 after purchasing an additional 291,895 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Public Storage by 35.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,158 shares of the real estate investment trust’s stock valued at $4,090,000 after purchasing an additional 3,741 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in Public Storage by 777.1% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,605 shares of the real estate investment trust’s stock valued at $752,000 after purchasing an additional 2,308 shares in the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PSA has been the subject of several recent research reports. Jefferies Financial Group raised their price target on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Public Storage in a research report on Tuesday, April 21st. Scotiabank raised their price target on Public Storage from $321.00 to $340.00 in a research report on Monday, May 11th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $341.00 price target on shares of Public Storage in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Public Storage currently has an average rating of “Hold” and an average target price of $316.06.

Public Storage Price Performance

PSA stock opened at $309.98 on Friday. The stock has a 50-day moving average price of $298.08 and a two-hundred day moving average price of $286.89. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market cap of $54.42 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $1.22 billion during 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 firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, research analysts predict that Public Storage will post 16.92 EPS for the current year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage’s payout ratio is currently 123.84%.

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.