PDS Planning Inc Has $360,000 Stake in Public Storage $PSA

PDS Planning Inc lifted its holdings in shares of Public Storage (NYSE:PSA) by 50.1% during the second quarter, HoldingsChannel reports. The firm owned 1,226 shares of the real estate investment trust’s stock after acquiring an additional 409 shares during the quarter. PDS Planning Inc’s holdings in Public Storage were worth $360,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Public Storage during the second quarter worth about $25,000. Spectrum Wealth Counsel LLC acquired a new stake in shares of Public Storage during the first quarter worth about $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Public Storage during the first quarter worth about $36,000. Wayfinding Financial LLC acquired a new stake in shares of Public Storage during the first quarter worth about $41,000. Finally, Winch Advisory Services LLC raised its position in shares of Public Storage by 39.8% during the first quarter. Winch Advisory Services LLC now owns 151 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Stock Up 0.1%

NYSE:PSA opened at $294.19 on Monday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $51.62 billion, a PE ratio of 32.08, a PEG ratio of 4.88 and a beta of 0.89. Public Storage has a 52-week low of $256.60 and a 52-week high of $355.87. The stock has a 50-day simple moving average of $287.61 and a 200 day simple moving average of $291.48.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.05. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Public Storage had a return on equity of 34.06% and a net margin of 38.13%.The business’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $4.23 earnings per share. Public Storage has set its FY 2025 guidance at 16.450-17.00 EPS. On average, sell-side 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 was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, September 15th. Public Storage’s dividend payout ratio (DPR) is currently 130.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Public Storage from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Barclays dropped their price target on Public Storage from $351.00 to $349.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. BNP Paribas upgraded Public Storage to a “strong-buy” rating in a report on Tuesday, June 24th. Scotiabank decreased their price objective on Public Storage from $340.00 to $333.00 and set a “sector outperform” rating for the company in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Public Storage from $324.00 to $321.00 and set an “overweight” rating for the company in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Public Storage presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.92.

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.