Stephens Inc. AR Has $7.91 Million Holdings in Public Storage $PSA

Stephens Inc. AR raised its position in Public Storage (NYSE:PSA) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,094 shares of the real estate investment trust’s stock after purchasing an additional 2,486 shares during the quarter. Stephens Inc. AR’s holdings in Public Storage were worth $7,907,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC lifted its stake in Public Storage by 25.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock valued at $4,829,000 after acquiring an additional 3,763 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Public Storage by 5.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust’s stock worth $118,576,000 after acquiring an additional 25,353 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Public Storage by 3.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 289,675 shares of the real estate investment trust’s stock valued at $75,171,000 after purchasing an additional 9,618 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Public Storage by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 246,002 shares of the real estate investment trust’s stock valued at $63,838,000 after purchasing an additional 12,444 shares during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its position in shares of Public Storage by 16.0% in the third quarter. Swiss Life Asset Management Ltd now owns 34,448 shares of the real estate investment trust’s stock worth $9,950,000 after purchasing an additional 4,762 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $324.81, for a total transaction of $308,569.50. Following the completion of the sale, the insider owned 1,414 shares of the company’s stock, valued at $459,281.34. This trade represents a 40.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on PSA shares. JPMorgan Chase & Co. increased their target price on shares of Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Mizuho boosted their price target 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. UBS Group restated a “neutral” rating on shares of Public Storage in a research note on Monday, June 22nd. Royal Bank Of Canada raised their price objective on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 target price on shares of Public Storage in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $324.58.

Public Storage Stock Performance

Shares of PSA traded up $6.01 during midday trading on Tuesday, reaching $330.01. The stock had a trading volume of 99,747 shares, compared to its average volume of 1,109,397. The firm has a market cap of $57.93 billion, a PE ratio of 34.07, a P/E/G ratio of 4.43 and a beta of 0.96. The firm has a 50 day simple moving average of $310.97 and a 200-day simple moving average of $294.03. Public Storage has a one year low of $256.54 and a one year high of $331.79. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02.

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 the consensus estimate of $2.42 by $0.29. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. Public Storage’s revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, sell-side analysts anticipate that Public Storage will post 16.94 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.6%. Public Storage’s payout ratio is presently 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.