Public Storage $PSA Stock: Childress Capital Advisors LLC Increases Position

Childress Capital Advisors LLC increased its stake in shares of Public Storage (NYSE:PSA) by 214.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,335 shares of the real estate investment trust’s stock after acquiring an additional 1,592 shares during the period. Childress Capital Advisors LLC’s holdings in Public Storage were worth $660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC boosted its holdings in Public Storage by 2.2% in the 1st quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 34 shares during the period. Nilsine Partners LLC raised its stake in shares of Public Storage by 2.9% during the second quarter. Nilsine Partners LLC now owns 1,211 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 34 shares during the period. Aegis Wealth Management Inc. raised its stake in shares of Public Storage by 2.5% during the third quarter. Aegis Wealth Management Inc. now owns 1,375 shares of the real estate investment trust’s stock valued at $389,000 after purchasing an additional 34 shares during the period. Gryphon Financial Partners LLC raised its stake in shares of Public Storage by 2.6% during the first quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 36 shares during the period. Finally, Chesapeake Capital Corp IL lifted its position in shares of Public Storage by 1.3% during the second quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock worth $953,000 after purchasing an additional 38 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Public Storage Stock Performance

PSA stock opened at $317.22 on Friday. The stock’s 50 day simple moving average is $298.82 and its 200 day simple moving average is $302.56. Public Storage has a 12-month low of $256.54 and a 12-month high of $335.55. The firm has a market cap of $55.71 billion, a P/E ratio of 18.25, a P/E/G ratio of 4.62 and a beta of 0.94. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.80). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. Public Storage had a return on equity of 29.93% and a net margin of 37.76%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.31 EPS. As a group, equities research analysts predict that Public Storage will post 16.95 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Public Storage’s dividend payout ratio is 125.65%.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

PSA has been the topic of a number of recent research reports. Barclays boosted their target price on shares of Public Storage from $350.00 to $351.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. Mizuho raised their price target on shares of Public Storage from $316.00 to $319.00 and gave the company a “neutral” rating in a report on Wednesday, September 2nd. Weiss Ratings downgraded shares of Public Storage from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Raymond James Financial started coverage on shares of Public Storage in a research note on Thursday, July 16th. They set a “market perform” rating on the stock. Finally, Wells Fargo & Company set a $311.00 price objective on shares of Public Storage in a report on Tuesday, September 1st. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $323.68.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.