Aew Capital Management L P Cuts Position in Public Storage $PSA

Aew Capital Management L P decreased its position in Public Storage (NYSE:PSA) by 19.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 333,566 shares of the real estate investment trust’s stock after selling 78,774 shares during the period. Public Storage comprises 6.3% of Aew Capital Management L P’s portfolio, making the stock its 6th biggest position. Aew Capital Management L P’s holdings in Public Storage were worth $86,560,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in Public Storage in the 3rd quarter valued at approximately $27,000. Raiffeisen Bank International AG bought a new stake in Public Storage in the 3rd quarter valued at approximately $30,000. Wealth Watch Advisors INC bought a new stake in Public Storage in the 3rd quarter valued at approximately $34,000. Knuff & Co LLC bought a new stake in Public Storage in the 4th quarter valued at approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Public Storage by 2,940.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 147 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Trading Up 1.8%

Shares of Public Storage stock opened at $302.83 on Thursday. 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 business’s 50 day moving average is $293.10 and its 200-day moving average is $284.56. The stock has a market cap of $53.16 billion, a P/E ratio of 31.25, a P/E/G ratio of 4.06 and a beta of 1.00. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $1.22 billion for 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%. Public Storage’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts predict that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays cut their price target on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Jefferies Financial Group boosted their price target on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America cut shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price target on the stock. in a research report on Thursday, February 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $313.22.

Public Storage 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.