106 Shares in Public Storage (NYSE:PSA) Bought by Dixon Hughes Goodman Wealth Advisors LLC

Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of Public Storage (NYSE:PSA – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 106 shares of the real estate investment trust’s stock, valued at approximately $41,000.

Several other large investors have also modified their holdings of PSA. EverSource Wealth Advisors LLC bought a new stake in shares of Public Storage during the 4th quarter valued at about $25,000. Mystic Asset Management Inc. bought a new position in shares of Public Storage during the fourth quarter valued at approximately $26,000. Lee Financial Co acquired a new stake in shares of Public Storage during the 4th quarter worth approximately $27,000. CVA Family Office LLC bought a new stake in shares of Public Storage in the 4th quarter worth approximately $30,000. Finally, Stonebridge Capital Advisors LLC boosted its position in Public Storage by 119.0% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 92 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 50 shares during the period. 78.54% of the stock is currently owned by institutional investors.

Shares of Public Storage stock opened at $298.54 on Monday. Public Storage has a 52 week low of $292.32 and a 52 week high of $421.76. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39. The stock has a market cap of $52.38 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.29. The company’s 50-day moving average price is $346.36 and its two-hundred day moving average price is $357.90.

Public Storage (NYSE:PSA – Get Rating) last released its earnings results on Tuesday, May 3rd. The real estate investment trust reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.96). Public Storage had a return on equity of 38.01% and a net margin of 54.79%. The business had revenue of $749.27 million during the quarter, compared to the consensus estimate of $985.58 million. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities analysts predict that Public Storage will post 15.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a $2.00 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.68%. Public Storage’s payout ratio is currently 77.75%.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Public Storage from $385.00 to $434.00 and gave the company an “overweight” rating in a report on Monday, April 4th. Morgan Stanley reduced their target price on shares of Public Storage from $357.00 to $298.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 25th. BMO Capital Markets upgraded shares of Public Storage from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $410.00 to $370.00 in a research note on Thursday, May 19th. StockNews.com downgraded Public Storage from a “buy” rating to a “hold” rating in a research report on Friday, June 10th. Finally, Truist Financial lowered their target price on Public Storage from $425.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday, June 1st. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $372.91.

Public Storage Profile (Get Rating)

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020.

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