Pure Financial Advisors LLC Sells 1,689 Shares of Public Storage $PSA

Pure Financial Advisors LLC trimmed its position in shares of Public Storage (NYSE:PSA) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,964 shares of the real estate investment trust’s stock after selling 1,689 shares during the period. Pure Financial Advisors LLC’s holdings in Public Storage were worth $2,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Public Storage by 13.3% in the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after acquiring an additional 373 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Public Storage during the 2nd quarter valued at $929,000. Nebula Research & Development LLC bought a new position in shares of Public Storage during the 2nd quarter valued at $1,113,000. Treasurer of the State of North Carolina grew its holdings in shares of Public Storage by 1.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock valued at $21,647,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Ieq Capital LLC raised its position in Public Storage by 219.8% in the 2nd quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after purchasing an additional 33,122 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Insider Activity

In related news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the sale, the insider directly owned 1,414 shares of the company’s stock, valued at $459,281.34. This trade represents a 40.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is owned by insiders.

Public Storage Trading Up 0.0%

Shares of PSA opened at $318.12 on Friday. The stock has a market capitalization of $55.85 billion, a P/E ratio of 32.83, a PEG ratio of 4.33 and a beta of 0.98. 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 firm has a fifty day simple moving average of $306.88 and a two-hundred day simple moving average of $290.33. Public Storage has a twelve month low of $256.54 and a twelve month high of $331.79.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $4.12 EPS. The company’s revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, research analysts anticipate that Public Storage will post 16.94 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 3.8%. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Analyst Ratings Changes

Several research firms have weighed in on PSA. Jefferies Financial Group boosted their price target on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Evercore boosted their target price on Public Storage from $306.00 to $317.00 in a research note on Monday, June 8th. William Blair set a $305.00 target price on Public Storage in a report on Monday, March 16th. Citigroup raised their price target on Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets lifted their price target on Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $323.53.

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.