XTX Topco Ltd Has $548,000 Stock Holdings in Public Storage (NYSE:PSA)

XTX Topco Ltd raised its stake in shares of Public Storage (NYSE:PSA) by 173.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,905 shares of the real estate investment trust’s stock after buying an additional 1,208 shares during the period. XTX Topco Ltd’s holdings in Public Storage were worth $548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Gryphon Financial Partners LLC grew its stake in Public Storage by 2.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,562 shares of the real estate investment trust’s stock valued at $476,000 after purchasing an additional 38 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Public Storage in the fourth quarter worth approximately $232,000. Assetmark Inc. increased its holdings in Public Storage by 10.7% in the fourth quarter. Assetmark Inc. now owns 4,321 shares of the real estate investment trust’s stock worth $1,318,000 after buying an additional 419 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Public Storage by 107.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 85 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 44 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Public Storage by 14.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,708 shares of the real estate investment trust’s stock valued at $5,401,000 after acquiring an additional 2,272 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Scotiabank increased their price target on shares of Public Storage from $308.00 to $339.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 22nd. Jefferies Financial Group raised their target price on Public Storage from $360.00 to $422.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Royal Bank of Canada started coverage on Public Storage in a research report on Tuesday, September 10th. They issued a “sector perform” rating and a $358.00 price target for the company. Evercore ISI increased their price objective on Public Storage from $334.00 to $343.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Citigroup boosted their target price on Public Storage from $303.00 to $378.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Public Storage currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.08.

Public Storage Trading Up 0.9 %

Shares of PSA stock opened at $365.01 on Tuesday. The firm has a market capitalization of $64.14 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 5.12 and a beta of 0.67. Public Storage has a 1 year low of $233.18 and a 1 year high of $366.29. The firm’s fifty day simple moving average is $328.18 and its 200 day simple moving average is $296.38. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.72.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.20 by ($1.54). Public Storage had a return on equity of 36.55% and a net margin of 44.88%. The company had revenue of $921.70 million for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm posted $4.28 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Public Storage will post 16.73 EPS for the current year.

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $3.00 dividend. The ex-dividend date is Friday, September 13th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.29%. Public Storage’s dividend payout ratio is currently 108.99%.

Public Storage Company Profile

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 December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.