New Age Alpha Advisors LLC Lowers Stock Position in Public Storage $PSA

New Age Alpha Advisors LLC lowered its position in shares of Public Storage (NYSE:PSA) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,928 shares of the real estate investment trust’s stock after selling 4,763 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Public Storage were worth $6,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC raised its position 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 purchasing an additional 373 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Public Storage in the 2nd quarter worth about $929,000. Nebula Research & Development LLC purchased a new position in shares of Public Storage in the 2nd quarter worth about $1,113,000. Treasurer of the State of North Carolina raised its position in shares of Public Storage by 1.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock worth $21,647,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of 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 last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PSA shares. Evercore set a $306.00 price target on Public Storage in a research report on Monday, May 4th. Wolfe Research lowered Public Storage from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Bank of America lowered Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price target for the company. in a research report on Thursday, February 5th. Jefferies Financial Group lifted their price target on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Finally, Scotiabank lifted their price target on Public Storage from $321.00 to $340.00 in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $314.33.

Public Storage Price Performance

NYSE PSA opened at $304.96 on Monday. Public Storage has a one year low of $256.54 and a one year high of $313.51. The stock has a 50-day moving average of $293.18 and a 200 day moving average of $284.94. The company has a market capitalization of $53.54 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 4.17 and a beta of 1.00. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $4.12 EPS. Public Storage’s revenue for the quarter 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, sell-side analysts forecast that Public Storage will post 16.89 EPS for the current year.

Public Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Public Storage Company 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.