Nisa Investment Advisors LLC Has $18.31 Million Stock Holdings in Public Storage $PSA

Nisa Investment Advisors LLC trimmed its position in Public Storage (NYSE:PSA) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,401 shares of the real estate investment trust’s stock after selling 6,544 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Public Storage were worth $18,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Public Storage in the 2nd quarter valued at $1,153,971,000. AQR Capital Management LLC boosted its stake in Public Storage by 498.7% in the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock valued at $166,970,000 after buying an additional 481,872 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Public Storage in the second quarter valued at about $94,297,000. 1832 Asset Management L.P. raised its stake in Public Storage by 375.7% during the second quarter. 1832 Asset Management L.P. now owns 389,169 shares of the real estate investment trust’s stock worth $114,190,000 after acquiring an additional 307,357 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Public Storage by 1,158.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 153,878 shares of the real estate investment trust’s stock worth $45,151,000 after acquiring an additional 141,651 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PSA has been the topic of a number of research analyst reports. Raymond James Financial reduced their price target on shares of Public Storage from $350.00 to $330.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 18th. BMO Capital Markets cut their target price on shares of Public Storage from $320.00 to $305.00 and set a “market perform” rating on the stock in a research report on Monday, December 22nd. Wells Fargo & Company boosted their target price on shares of Public Storage from $320.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research note on Wednesday, October 8th. Finally, Evercore ISI cut their price objective on Public Storage from $315.00 to $309.00 and set an “in-line” rating on the stock in a report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Public Storage has a consensus rating of “Moderate Buy” and a consensus target price of $316.67.

Public Storage Trading Up 2.6%

PSA opened at $278.18 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.45 and a quick ratio of 0.45. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $322.49. The company’s 50 day moving average price is $269.29 and its two-hundred day moving average price is $282.85. The firm has a market capitalization of $48.81 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 5.67 and a beta of 1.01.

Public Storage (NYSE:PSA) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, topping the consensus estimate of $4.24 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. Public Storage had a return on equity of 36.09% and a net margin of 39.53%.The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.20 EPS. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. As a group, research analysts predict that Public Storage will post 16.7 earnings per share for the current year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $12.00 annualized dividend and a dividend yield of 4.3%. Public Storage’s dividend payout ratio (DPR) is 124.61%.

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.