XML Financial LLC Sells 3,610 Shares of Public Storage $PSA

XML Financial LLC decreased its stake in shares of Public Storage (NYSE:PSA) by 37.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,126 shares of the real estate investment trust’s stock after selling 3,610 shares during the period. XML Financial LLC’s holdings in Public Storage were worth $1,590,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Public Storage by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after purchasing an additional 2,274,397 shares during the last quarter. Norges Bank bought a new position in shares of Public Storage in the fourth quarter worth approximately $1,163,751,000. Geode Capital Management LLC increased its stake in Public Storage by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 4,089,143 shares of the real estate investment trust’s stock worth $1,056,976,000 after buying an additional 66,445 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Public Storage by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock worth $963,177,000 after purchasing an additional 177,421 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Public Storage by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust’s stock valued at $633,796,000 after buying an additional 49,996 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

PSA has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $341.00 target price on shares of Public Storage in a research report on Wednesday, April 29th. Jefferies Financial Group raised their price objective on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Evercore set a $306.00 target price on shares of Public Storage in a research note on Monday, May 4th. Royal Bank Of Canada increased their price objective on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Finally, Mizuho increased their target price on shares of Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $316.06.

Public Storage Stock Performance

PSA opened at $309.98 on Monday. The firm’s 50-day moving average price is $298.08 and its 200-day moving average price is $287.01. The company has a market cap of $54.42 billion, a P/E ratio of 31.99, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $4.12 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts anticipate that Public Storage will post 16.92 EPS for the current fiscal year.

Public Storage Dividend Announcement

The firm 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 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage’s payout ratio is presently 123.84%.

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.