Yousif Capital Management LLC Has $7.15 Million Holdings in Public Storage $PSA

Yousif Capital Management LLC reduced its position in Public Storage (NYSE:PSA) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,379 shares of the real estate investment trust’s stock after selling 121 shares during the quarter. Yousif Capital Management LLC’s holdings in Public Storage were worth $7,153,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA acquired a new position in shares of Public Storage in the 2nd quarter valued at $25,000. Spectrum Wealth Counsel LLC acquired a new stake in Public Storage during the first quarter valued at approximately $30,000. Opal Wealth Advisors LLC acquired a new stake in Public Storage during the first quarter valued at approximately $36,000. Wayfinding Financial LLC acquired a new stake in Public Storage during the first quarter valued at approximately $41,000. Finally, Winch Advisory Services LLC lifted its position in shares of Public Storage by 39.8% during the 1st quarter. Winch Advisory Services LLC now owns 151 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 43 shares during the period. 78.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on PSA. Wall Street Zen downgraded Public Storage from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Evercore ISI upped their target price on shares of Public Storage from $312.00 to $317.00 and gave the stock a “cautious” rating in a report on Friday, October 3rd. UBS Group cut their price target on shares of Public Storage from $305.00 to $295.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Wells Fargo & Company cut their price target on shares of Public Storage from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Public Storage from a “hold” rating to a “buy” rating and set a $325.00 target price for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Public Storage presently has a consensus rating of “Moderate Buy” and an average price target of $324.92.

Public Storage Trading Up 0.9%

PSA stock opened at $302.37 on Wednesday. The company has a market cap of $53.05 billion, a P/E ratio of 32.97, a PEG ratio of 4.97 and a beta of 0.89. Public Storage has a twelve month low of $256.60 and a twelve month high of $355.87. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.04. The business has a fifty day moving average of $288.40 and a 200-day moving average of $291.60.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.05. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Public Storage had a return on equity of 34.06% and a net margin of 38.13%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.23 EPS. Public Storage has set its FY 2025 guidance at 16.450-17.00 EPS. As a group, equities research analysts expect that Public Storage will post 16.7 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, September 15th. Public Storage’s payout ratio is 130.86%.

Public Storage Company 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.