Public Storage $PSA Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. trimmed its holdings in Public Storage (NYSE:PSA) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,993 shares of the real estate investment trust’s stock after selling 7,613 shares during the period. Public Storage accounts for 1.1% of Heartland Advisors Inc.’s holdings, making the stock its 10th largest position. Heartland Advisors Inc.’s holdings in Public Storage were worth $21,018,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in Public Storage during the third quarter valued at approximately $27,000. Raiffeisen Bank International AG acquired a new position in Public Storage during the third quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new position in Public Storage during the third quarter valued at approximately $34,000. Knuff & Co LLC acquired a new position in Public Storage during the fourth quarter valued at approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Public Storage by 2,940.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 147 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PSA has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a research report on Tuesday, April 21st. Mizuho boosted their price objective on shares of Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. BNP Paribas Exane boosted their price objective on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Evercore boosted their price objective on shares of Public Storage from $306.00 to $317.00 in a research report on Monday. Finally, UBS Group boosted their price objective on shares of Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $316.67.

Public Storage Stock Performance

NYSE PSA opened at $324.73 on Thursday. The firm’s fifty day moving average price is $301.26 and its two-hundred day moving average price is $288.11. The stock has a market cap of $57.01 billion, a PE ratio of 33.51, a PEG ratio of 4.40 and a beta of 0.98. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $331.79. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56.

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

Public Storage Announces Dividend

The business also recently announced 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 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s payout ratio is presently 123.84%.

Public Storage Company 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.