XML Financial LLC Sells 1,630 Shares of Public Storage $PSA

XML Financial LLC cut its holdings in Public Storage (NYSE:PSA) by 26.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,496 shares of the real estate investment trust’s stock after selling 1,630 shares during the quarter. XML Financial LLC’s holdings in Public Storage were worth $1,218,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of 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 buying an additional 373 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Public Storage during the second quarter worth $929,000. Nebula Research & Development LLC acquired a new stake in shares of Public Storage during the second quarter worth $1,113,000. Treasurer of the State of North Carolina raised its holdings in shares of Public Storage by 1.9% during the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock worth $21,647,000 after acquiring an additional 1,390 shares during the period. Finally, Ieq Capital LLC raised its holdings in shares of Public Storage by 219.8% during the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after acquiring an additional 33,122 shares during the period. 78.79% of the stock is owned by institutional investors.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $324.81, for a total transaction of $308,569.50. Following the completion of the transaction, the insider directly owned 1,414 shares in the company, valued at $459,281.34. This represents a 40.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PSA shares. William Blair set a $305.00 target price on shares of Public Storage in a research note on Monday, March 16th. Evercore increased their target price on Public Storage from $306.00 to $317.00 in a report on Monday, June 8th. Scotiabank lifted their price target on Public Storage from $340.00 to $342.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 18th. Jefferies Financial Group boosted their price target on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Barclays reduced their price objective on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $323.53.

Public Storage Price Performance

NYSE PSA opened at $320.11 on Tuesday. The firm’s 50 day moving average is $307.41 and its 200-day moving average is $290.80. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $56.19 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 4.28 and a beta of 0.98. Public Storage has a 12-month low of $256.54 and a 12-month high of $331.79.

Public Storage (NYSE:PSA) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $1.22 billion during 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 firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts anticipate that Public Storage will post 16.94 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.7%. Public Storage’s payout ratio is 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.