2,741 Shares in Public Storage $PSA Acquired by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC acquired a new position in shares of Public Storage (NYSE:PSA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,741 shares of the real estate investment trust’s stock, valued at approximately $792,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSA. Marshall & Sullivan Inc. WA bought a new position in shares of Public Storage during the second quarter worth $25,000. Spectrum Wealth Counsel LLC bought a new position in Public Storage during the first quarter worth about $30,000. Opal Wealth Advisors LLC bought a new position in Public Storage during the first quarter worth about $36,000. Wayfinding Financial LLC bought a new position in shares of Public Storage during the 1st quarter valued at about $41,000. Finally, Rossby Financial LCC bought a new position in shares of Public Storage during the 1st quarter valued at about $45,000. 78.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PSA has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a report on Wednesday. Royal Bank Of Canada cut their price target on shares of Public Storage from $328.00 to $309.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Wall Street Zen cut shares of Public Storage from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Wells Fargo & Company cut their price objective on shares of Public Storage from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Finally, Evercore ISI boosted their price target on Public Storage from $312.00 to $317.00 and gave the company a “cautious” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $322.92.

Public Storage Stock Performance

Shares of PSA stock opened at $294.19 on Friday. The company’s fifty day simple moving average is $287.61 and its 200-day simple moving average is $291.49. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.04. Public Storage has a 12 month low of $256.60 and a 12 month high of $355.87. The firm has a market cap of $51.62 billion, a PE ratio of 32.08, a P/E/G ratio of 4.88 and a beta of 0.89.

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

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, September 15th. Public Storage’s dividend payout ratio is presently 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.