Rothschild Investment LLC Sells 667 Shares of Public Storage $PSA

Rothschild Investment LLC lowered its stake in Public Storage (NYSE:PSA) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 24,199 shares of the real estate investment trust’s stock after selling 667 shares during the quarter. Rothschild Investment LLC’s holdings in Public Storage were worth $7,100,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA bought a new stake in Public Storage during the 2nd quarter valued at $25,000. Harbor Asset Planning Inc. purchased a new stake in shares of Public Storage during the second quarter worth about $25,000. Spectrum Wealth Counsel LLC bought a new stake in shares of Public Storage in the first quarter worth about $30,000. NewSquare Capital LLC increased its holdings in Public Storage by 60.6% during the 2nd quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Finally, Winch Advisory Services LLC increased its holdings in Public Storage by 39.8% during the 1st quarter. Winch Advisory Services LLC now owns 151 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group dropped their price objective on Public Storage from $305.00 to $295.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. JPMorgan Chase & Co. dropped their price target on Public Storage from $324.00 to $321.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of Public Storage from a “hold” rating to a “buy” rating and set a $325.00 price objective on the stock in a research report on Monday, October 13th. Finally, Scotiabank decreased their price objective on shares of Public Storage from $340.00 to $333.00 and set a “sector outperform” rating for the company in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.38.

Public Storage Trading Down 0.0%

NYSE PSA opened at $274.22 on Monday. The firm has a market capitalization of $48.12 billion, a PE ratio of 28.48, a P/E/G ratio of 4.72 and a beta of 0.91. The stock’s 50 day moving average is $289.39 and its 200 day moving average is $291.81. Public Storage has a twelve month low of $256.60 and a twelve month high of $355.87. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.04.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, beating the consensus estimate of $4.24 by $0.07. Public Storage had a return on equity of 35.67% and a net margin of 39.53%.During the same quarter last year, the company earned $4.20 earnings per share. Public Storage’s revenue was down 5.4% on a year-over-year basis. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. Research 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 will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, December 15th. Public Storage’s dividend payout ratio is 124.61%.

About Public Storage

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.