Koshinski Asset Management Inc. Has $485,000 Holdings in Public Storage $PSA

Koshinski Asset Management Inc. lifted its holdings in Public Storage (NYSE:PSA) by 26.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,654 shares of the real estate investment trust’s stock after purchasing an additional 345 shares during the period. Koshinski Asset Management Inc.’s holdings in Public Storage were worth $485,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Stanley Laman Group Ltd. increased its stake in shares of Public Storage by 15.6% in the second quarter. Stanley Laman Group Ltd. now owns 1,560 shares of the real estate investment trust’s stock worth $458,000 after purchasing an additional 210 shares during the period. Chevy Chase Trust Holdings LLC increased its stake in shares of Public Storage by 1.0% in the second quarter. Chevy Chase Trust Holdings LLC now owns 89,711 shares of the real estate investment trust’s stock worth $26,323,000 after purchasing an additional 853 shares during the period. Private Trust Co. NA increased its stake in shares of Public Storage by 21.4% in the second quarter. Private Trust Co. NA now owns 2,596 shares of the real estate investment trust’s stock worth $762,000 after purchasing an additional 457 shares during the period. Nordea Investment Management AB increased its stake in shares of Public Storage by 38.1% in the second quarter. Nordea Investment Management AB now owns 29,731 shares of the real estate investment trust’s stock worth $8,584,000 after purchasing an additional 8,208 shares during the period. Finally, Harbor Asset Planning Inc. bought a new position in shares of Public Storage in the second quarter worth about $25,000. 78.79% of the stock is currently owned by institutional investors.

Public Storage Stock Up 1.3%

NYSE PSA opened at $311.70 on Tuesday. 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 stock’s 50 day moving average is $290.41 and its two-hundred day moving average is $291.90. The company has a market capitalization of $54.69 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 5.02 and a beta of 0.89. Public Storage has a 1-year low of $256.60 and a 1-year high of $355.87.

Public Storage (NYSE:PSA) last released its quarterly earnings data 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 the consensus estimate of $1.20 billion. Public Storage had a return on equity of 34.06% and a net margin of 38.13%.The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.23 earnings per share. Public Storage has set its FY 2025 guidance at 16.450-17.00 EPS. Equities analysts forecast that Public Storage will post 16.7 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $3.00 dividend. The ex-dividend date was Monday, September 15th. This represents a $12.00 annualized dividend and a yield of 3.8%. Public Storage’s payout ratio is presently 130.86%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BNP Paribas Exane assumed coverage on Public Storage in a research note on Tuesday, June 24th. They set an “outperform” rating and a $331.00 price target on the stock. Evercore ISI boosted their price target on Public Storage from $312.00 to $317.00 and gave the company a “cautious” rating in a research note on Friday, October 3rd. Wells Fargo & Company lowered their price target on Public Storage from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada lowered their price target on Public Storage from $328.00 to $309.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Finally, BNP Paribas upgraded Public Storage to a “strong-buy” rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $324.92.

Public Storage Profile

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.