New Age Alpha Advisors LLC Sells 4,763 Shares of Public Storage $PSA

New Age Alpha Advisors LLC reduced its position in shares of Public Storage (NYSE:PSA) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,928 shares of the real estate investment trust’s stock after selling 4,763 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Public Storage were worth $6,988,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PSA. Vanguard Group Inc. grew its stake in shares of Public Storage by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock valued at $6,576,534,000 after purchasing an additional 2,274,397 shares during the period. AQR Capital Management LLC grew its stake in shares of Public Storage by 498.7% during the 2nd quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock valued at $166,970,000 after purchasing an additional 481,872 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Public Storage by 38.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust’s stock valued at $330,909,000 after purchasing an additional 315,370 shares during the period. Barclays PLC grew its stake in shares of Public Storage by 93.8% during the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock valued at $174,165,000 after purchasing an additional 291,895 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Public Storage by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock valued at $963,177,000 after purchasing an additional 177,421 shares during the period. 78.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PSA has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price target on Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. Wolfe Research downgraded Public Storage from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Wells Fargo & Company downgraded Public Storage from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, BNP Paribas Exane boosted their price target on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $314.33.

Public Storage Trading Down 0.1%

Shares of NYSE:PSA opened at $304.96 on Monday. The stock has a 50 day moving average of $293.18 and a 200 day moving average of $284.94. The company has a market cap of $53.54 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 4.17 and a beta of 1.00. 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 has a 12-month low of $256.54 and a 12-month high of $313.51.

Public Storage (NYSE:PSA) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities research analysts expect that Public Storage will post 16.89 EPS for the current year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $3.00 per share. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. Public Storage’s payout ratio is 123.84%.

About Public Storage

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.