Hantz Financial Services Inc. Purchases 1,940 Shares of Public Storage $PSA

Hantz Financial Services Inc. lifted its position in shares of Public Storage (NYSE:PSA) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,016 shares of the real estate investment trust’s stock after acquiring an additional 1,940 shares during the period. Hantz Financial Services Inc.’s holdings in Public Storage were worth $4,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Public Storage in the fourth quarter valued at approximately $549,000. MQS Management LLC bought a new position in Public Storage in the fourth quarter valued at approximately $976,000. Axxcess Wealth Management LLC increased its stake in Public Storage by 153.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 5,888 shares of the real estate investment trust’s stock valued at $1,528,000 after acquiring an additional 3,562 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Public Storage by 1.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 37 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in Public Storage by 11.4% in the fourth quarter. Global Retirement Partners LLC now owns 3,512 shares of the real estate investment trust’s stock valued at $911,000 after acquiring an additional 359 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Trading Down 0.1%

Shares of Public Storage stock opened at $304.96 on Tuesday. The firm has a market capitalization of $53.54 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 4.17 and a beta of 1.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The firm’s 50 day moving average is $293.32 and its 200 day moving average is $285.14. Public Storage has a 1 year low of $256.54 and a 1 year high of $313.51.

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, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts forecast that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

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

Wall Street Analysts Forecast Growth

PSA has been the topic of a number of recent analyst reports. William Blair set a $305.00 price objective on shares of Public Storage in a research note on Monday, March 16th. BNP Paribas Exane lifted their price objective on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. Wells Fargo & Company lowered shares of Public Storage from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $330.00 to $295.00 in a report on Thursday, February 5th. Finally, Jefferies Financial Group lifted their price target on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. One 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 stock. Based on data from MarketBeat, Public Storage has a consensus rating of “Hold” and a consensus target price of $314.33.

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.