Quotient Wealth Partners LLC Increases Position in Public Storage $PSA

Quotient Wealth Partners LLC lifted its position in shares of Public Storage (NYSE:PSA) by 19.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,054 shares of the real estate investment trust’s stock after buying an additional 168 shares during the period. Quotient Wealth Partners LLC’s holdings in Public Storage were worth $309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Public Storage by 12.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,236 shares of the real estate investment trust’s stock worth $13,240,000 after acquiring an additional 4,746 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Public Storage by 1.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 310,601 shares of the real estate investment trust’s stock valued at $92,960,000 after acquiring an additional 3,627 shares during the last quarter. Private Trust Co. NA boosted its stake in Public Storage by 228.1% during the 1st quarter. Private Trust Co. NA now owns 2,139 shares of the real estate investment trust’s stock valued at $640,000 after acquiring an additional 1,487 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in Public Storage by 43.3% during the 1st quarter. Summit Trail Advisors LLC now owns 3,619 shares of the real estate investment trust’s stock valued at $1,083,000 after acquiring an additional 1,093 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in Public Storage by 5.2% during the 1st quarter. TCW Group Inc. now owns 13,696 shares of the real estate investment trust’s stock valued at $4,099,000 after acquiring an additional 676 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Trading Up 0.3%

NYSE:PSA opened at $307.77 on Friday. 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 $54.00 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 5.02 and a beta of 0.89. 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 company’s 50 day moving average is $289.77 and its 200-day moving average is $291.73.

Public Storage (NYSE:PSA) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.05. Public Storage had a net margin of 38.13% and a return on equity of 34.06%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $4.23 earnings per share. Public Storage’s revenue was up 2.4% compared to the same quarter last year. Public Storage has set its FY 2025 guidance at 16.450-17.00 EPS. Equities analysts anticipate 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. Shareholders of record on Monday, September 15th were paid a dividend of $3.00 per share. The ex-dividend date was Monday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.9%. Public Storage’s payout ratio is currently 130.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PSA. Wall Street Zen downgraded shares of Public Storage from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Wells Fargo & Company lowered their target price on shares of Public Storage from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. BNP Paribas Exane began coverage on shares of Public Storage in a research note on Tuesday, June 24th. They issued an “outperform” rating and a $331.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Public Storage in a research note on Wednesday, October 8th. Finally, Scotiabank decreased their target price on shares of Public Storage from $340.00 to $333.00 and set a “sector outperform” rating for the company in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $324.92.

Public Storage 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.