MASTERINVEST Kapitalanlage GmbH Makes New Investment in Public Storage $PSA

MASTERINVEST Kapitalanlage GmbH purchased a new stake in Public Storage (NYSE:PSA) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,794 shares of the real estate investment trust’s stock, valued at approximately $820,000.

A number of other institutional investors have also made changes to their positions in PSA. Marshall & Sullivan Inc. WA bought a new stake in Public Storage during the 2nd quarter valued at approximately $25,000. Harbor Asset Planning Inc. acquired a new position in shares of Public Storage during the second quarter worth approximately $25,000. Asset Dedication LLC boosted its position in shares of Public Storage by 111.1% in the second quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 50 shares during the period. NewSquare Capital LLC boosted its position in shares of Public Storage by 60.6% in the second quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 40 shares during the period. Finally, SouthState Corp grew its stake in shares of Public Storage by 209.4% in the second quarter. SouthState Corp now owns 164 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 111 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors.

Public Storage Price Performance

Shares of Public Storage stock opened at $274.88 on Monday. The firm has a market cap of $48.23 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 5.89 and a beta of 1.01. The firm’s 50-day simple moving average is $283.14 and its 200-day simple moving average is $287.60. Public Storage has a twelve month low of $256.60 and a twelve month high of $322.49. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.45 and a current ratio of 0.45.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Public Storage had a net margin of 39.53% and a return on equity of 36.09%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.20 earnings per share. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. As a group, research analysts expect that Public Storage will post 16.7 EPS for the current fiscal year.

Public Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $12.00 annualized dividend and a yield of 4.4%. Public Storage’s payout ratio is currently 124.61%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PSA. Raymond James Financial cut their target price on shares of Public Storage from $350.00 to $330.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 18th. Wells Fargo & Company upped their price objective on shares of Public Storage from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Morgan Stanley began coverage on shares of Public Storage in a research note on Friday, December 5th. They issued an “equal weight” rating and a $290.00 target price for the company. Royal Bank Of Canada decreased their target price on Public Storage from $309.00 to $307.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Finally, Truist Financial cut their price target on Public Storage from $320.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $320.87.

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.