Strs Ohio Sells 11,211 Shares of Public Storage $PSA

Strs Ohio trimmed its holdings in shares of Public Storage (NYSE:PSA) by 9.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 104,696 shares of the real estate investment trust’s stock after selling 11,211 shares during the period. Strs Ohio’s holdings in Public Storage were worth $30,241,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its position in Public Storage by 9.5% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 416 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 36 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its stake in shares of Public Storage by 3.5% in the second quarter. Patrick M Sweeney & Associates Inc. now owns 1,070 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 36 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Public Storage by 7.0% in the third quarter. CoreCap Advisors LLC now owns 568 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 37 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Public Storage by 4.6% during the second quarter. Mather Group LLC. now owns 864 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 38 shares in the last quarter. Finally, Evermay Wealth Management LLC raised its position in shares of Public Storage by 13.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 324 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 38 shares during the last quarter. 78.79% of the stock is owned by institutional investors.

Public Storage Price Performance

NYSE PSA opened at $282.44 on Friday. The stock has a market capitalization of $49.56 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 7.43 and a beta of 1.01. Public Storage has a 1-year low of $256.54 and a 1-year high of $322.49. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.45 and a quick ratio of 0.45. The business’s fifty day moving average price is $271.59 and its 200-day moving average price is $282.40.

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

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $12.00 annualized dividend and a dividend yield of 4.2%. Public Storage’s dividend payout ratio is presently 124.61%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PSA. Truist Financial increased their price objective on shares of Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a report on Thursday. Wells Fargo & Company raised their price target 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. Evercore ISI lowered their price objective on Public Storage from $309.00 to $305.00 in a research report on Monday, January 12th. Finally, The Goldman Sachs Group cut their target price on Public Storage from $332.00 to $321.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $313.19.

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.