Universal Beteiligungs und Servicegesellschaft mbH Has $68.58 Million Stock Holdings in Public Storage $PSA

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in shares of Public Storage (NYSE:PSA) by 28.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 237,432 shares of the real estate investment trust’s stock after selling 92,547 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Public Storage were worth $68,582,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new stake in shares of Public Storage during the second quarter valued at approximately $25,000. First Pacific Financial acquired a new position in shares of Public Storage in the 3rd quarter valued at $26,000. Asset Dedication LLC lifted its holdings in shares of Public Storage by 111.1% during the 2nd quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 50 shares during the period. NewSquare Capital LLC boosted its position in shares of Public Storage by 60.6% during the 2nd quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Finally, Tradewinds Capital Management LLC bought a new stake in Public Storage in the third quarter valued at about $33,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Trading Down 2.9%

PSA stock opened at $285.49 on Wednesday. The business has a fifty day moving average price of $270.89 and a 200 day moving average price of $282.38. 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 stock has a market capitalization of $50.09 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 7.16 and a beta of 1.01.

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

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, December 15th. Public Storage’s dividend payout ratio (DPR) is presently 124.61%.

Wall Street Analyst Weigh In

A number of research analysts have commented on PSA shares. Morgan Stanley began coverage on shares of Public Storage in a research note on Friday, December 5th. They set an “equal weight” rating and a $290.00 price target for the company. Wells Fargo & Company raised their target price on Public Storage from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Truist Financial boosted their price target on Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays set a $331.00 price objective on Public Storage in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $301.00 target price (down previously from $316.00) on shares of Public Storage in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $313.19.

About Public Storage

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.