Texas Yale Capital Corp. Sells 2,436 Shares of Public Storage $PSA

Texas Yale Capital Corp. lessened its holdings in Public Storage (NYSE:PSA) by 27.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,370 shares of the real estate investment trust’s stock after selling 2,436 shares during the quarter. Texas Yale Capital Corp.’s holdings in Public Storage were worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of PSA. Norges Bank bought a new position in Public Storage in the 4th quarter valued at $1,163,751,000. 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 worth $6,576,534,000 after acquiring 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 worth $166,970,000 after acquiring 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 worth $330,909,000 after acquiring an additional 315,370 shares during the period. Finally, 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 worth $174,165,000 after acquiring an additional 291,895 shares during the period. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Up 0.1%

Shares of NYSE PSA opened at $304.01 on Monday. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51. The business has a 50-day simple moving average of $294.80 and a two-hundred day simple moving average of $286.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market cap of $53.37 billion, a P/E ratio of 31.37, a P/E/G ratio of 4.14 and a beta of 0.98.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $4.12 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts anticipate that Public Storage will post 16.9 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.9%. Public Storage’s dividend payout ratio (DPR) is currently 123.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PSA shares. Jefferies Financial Group increased their price target on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada increased their price target on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. William Blair set a $305.00 price target on Public Storage in a research note on Monday, March 16th. Mizuho increased their price target on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Evercore set a $306.00 price target on Public Storage in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Public Storage currently has an average rating of “Hold” and a consensus price target of $316.06.

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.