Rothschild Investment LLC Has $6.11 Million Stock Holdings in Public Storage $PSA

Rothschild Investment LLC trimmed its position in shares of Public Storage (NYSE:PSA) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,526 shares of the real estate investment trust’s stock after selling 1,962 shares during the quarter. Rothschild Investment LLC’s holdings in Public Storage were worth $6,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Public Storage by 1.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock worth $575,000 after acquiring an additional 37 shares during the period. Doliver Advisors LP lifted its stake in shares of Public Storage by 1.0% in the fourth quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock worth $1,071,000 after acquiring an additional 39 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Public Storage by 18.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 259 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 41 shares during the period. Hilltop Holdings Inc. lifted its stake in shares of Public Storage by 4.7% in the third quarter. Hilltop Holdings Inc. now owns 906 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 41 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of Public Storage by 1.1% in the third quarter. Synovus Financial Corp now owns 3,969 shares of the real estate investment trust’s stock worth $1,147,000 after acquiring an additional 44 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Public Storage in a research note on Monday, March 16th. Wells Fargo & Company downgraded Public Storage from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $330.00 to $295.00 in a report on Thursday, February 5th. Barclays lowered their target price on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Evercore set a $306.00 target price on Public Storage in a report on Monday, May 4th. Finally, Jefferies Financial Group lifted their target price on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Public Storage presently has a consensus rating of “Hold” and an average price target of $316.06.

Public Storage Trading Up 1.0%

NYSE PSA opened at $309.71 on Friday. The company has a market cap of $54.37 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 4.19 and a beta of 1.00. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51. The business has a 50 day moving average price of $294.27 and a 200-day moving average price of $285.78. 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 released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate 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 company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts expect that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Announces Dividend

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