Asset Planning Services Inc. LA ADV Has $5.74 Million Stock Position in Public Storage $PSA

Asset Planning Services Inc. LA ADV lifted its holdings in Public Storage (NYSE:PSA) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,568 shares of the real estate investment trust’s stock after purchasing an additional 220 shares during the quarter. Public Storage accounts for approximately 2.6% of Asset Planning Services Inc. LA ADV’s investment portfolio, making the stock its 19th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in Public Storage were worth $5,742,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Public Storage by 12.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,236 shares of the real estate investment trust’s stock valued at $13,240,000 after acquiring an additional 4,746 shares during the period. Brighton Jones LLC lifted its holdings in shares of Public Storage by 9.7% during the first quarter. Brighton Jones LLC now owns 1,726 shares of the real estate investment trust’s stock worth $517,000 after buying an additional 152 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Public Storage by 1.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 310,601 shares of the real estate investment trust’s stock valued at $92,960,000 after purchasing an additional 3,627 shares during the period. Private Trust Co. NA grew its position in Public Storage by 228.1% during the first quarter. Private Trust Co. NA now owns 2,139 shares of the real estate investment trust’s stock worth $640,000 after buying an additional 1,487 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in shares of Public Storage by 43.3% during the 1st quarter. Summit Trail Advisors LLC now owns 3,619 shares of the real estate investment trust’s stock worth $1,083,000 after purchasing an additional 1,093 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Public Storage Trading Up 1.6%

Shares of Public Storage stock opened at $293.74 on Monday. Public Storage has a 12-month low of $256.60 and a 12-month high of $355.87. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $51.54 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 4.87 and a beta of 0.89. The stock has a fifty day simple moving average of $286.68 and a 200 day simple moving average of $291.43.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.05. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Public Storage had a net margin of 38.13% and a return on equity of 34.06%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $4.23 earnings per share. Public Storage has set its FY 2025 guidance at 16.450-17.00 EPS. On average, sell-side analysts anticipate that Public Storage will post 16.7 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $12.00 annualized dividend and a dividend yield of 4.1%. Public Storage’s dividend payout ratio (DPR) is currently 130.86%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PSA shares. BNP Paribas raised shares of Public Storage to a “strong-buy” rating in a research note on Tuesday, June 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research report on Saturday, September 27th. Evercore ISI upped their price target on Public Storage from $312.00 to $317.00 and gave the company a “cautious” rating in a research report on Friday. Scotiabank dropped their price target on shares of Public Storage from $340.00 to $333.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 28th. Finally, Wells Fargo & Company cut their target price on Public Storage from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $322.92.

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.