Texas Yale Capital Corp. Has $1.65 Million Holdings in Public Storage $PSA

Texas Yale Capital Corp. cut its holdings in Public Storage (NYSE:PSA) by 27.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,370 shares of the real estate investment trust’s stock after selling 2,436 shares during the quarter. Texas Yale Capital Corp.’s holdings in Public Storage were worth $1,653,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC raised its position in shares of Public Storage by 25.3% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock worth $4,829,000 after purchasing an additional 3,763 shares during the period. National Pension Service raised its position in shares of Public Storage by 4.2% during the third quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock worth $73,743,000 after purchasing an additional 10,345 shares during the period. J.W. Cole Advisors Inc. increased its stake in Public Storage by 57.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock valued at $1,437,000 after purchasing an additional 1,816 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in Public Storage by 14,992.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock valued at $3,400,000 after purchasing an additional 11,694 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Public Storage by 19.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock valued at $11,766,000 after purchasing an additional 6,814 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on PSA. The Goldman Sachs Group restated a “buy” rating and set a $341.00 price target on shares of Public Storage in a research note on Wednesday, April 29th. Bank of America lowered shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price target for the company. in a research note on Thursday, February 5th. William Blair set a $305.00 price target on shares of Public Storage in a research note on Monday, March 16th. BMO Capital Markets restated a “market perform” rating on shares of Public Storage in a research note on Monday, March 16th. Finally, Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $316.06.

Public Storage Trading Up 0.1%

NYSE PSA opened at $304.01 on Monday. The firm has a market capitalization of $53.37 billion, a P/E ratio of 31.37, a PEG ratio of 4.14 and a beta of 0.98. The business has a fifty day simple moving average of $294.80 and a 200 day simple moving average of $286.00. Public Storage has a 12 month low of $256.54 and a 12 month high of $313.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.Public Storage’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, analysts predict that Public Storage will post 16.9 EPS for the current fiscal year.

Public Storage Announces Dividend

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

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.