Savant Capital LLC Reduces Stock Holdings in Public Storage $PSA

Savant Capital LLC reduced its stake in Public Storage (NYSE:PSA) by 79.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,770 shares of the real estate investment trust’s stock after selling 10,679 shares during the period. Savant Capital LLC’s holdings in Public Storage were worth $719,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PSA. Empowered Funds LLC increased its stake in Public Storage by 13.3% in the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock valued at $954,000 after purchasing an additional 373 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Public Storage in the second quarter valued at approximately $929,000. Nebula Research & Development LLC purchased a new position in Public Storage in the second quarter valued at approximately $1,113,000. Treasurer of the State of North Carolina increased its stake in Public Storage by 1.9% in the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock valued at $21,647,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in Public Storage by 219.8% in the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock valued at $14,140,000 after purchasing an additional 33,122 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Public Storage Stock Performance

Shares of PSA opened at $302.48 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The firm has a market cap of $53.10 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 4.08 and a beta of 0.98. The company’s 50 day simple moving average is $296.46 and its 200-day simple moving average is $286.50. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51.

Public Storage (NYSE:PSA) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates 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 for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm 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 predict that Public Storage will post 16.92 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $3.00 per share. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.0%. Public Storage’s dividend payout ratio (DPR) is 123.84%.

Wall Street Analyst Weigh In

Several brokerages have commented on PSA. Royal Bank Of Canada increased their price target on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. UBS Group increased their price target on shares of Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. BNP Paribas Exane raised their target price on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Mizuho raised their target price on shares of Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $341.00 target price on shares of Public Storage in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $316.06.

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.