Asset Planning Services Inc. LA ADV Purchases 100 Shares of Public Storage (NYSE:PSA)

Asset Planning Services Inc. LA ADV increased its stake in shares of Public Storage (NYSE:PSAGet Rating) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,872 shares of the real estate investment trust’s stock after buying an additional 100 shares during the quarter. Public Storage comprises about 4.2% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 4th largest position. Asset Planning Services Inc. LA ADV’s holdings in Public Storage were worth $7,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its holdings in Public Storage by 2.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,113 shares of the real estate investment trust’s stock valued at $417,000 after purchasing an additional 29 shares in the last quarter. Glassman Wealth Services boosted its holdings in Public Storage by 16.4% in the 4th quarter. Glassman Wealth Services now owns 206 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 29 shares in the last quarter. Trust Co. of Vermont boosted its holdings in Public Storage by 3.4% in the 1st quarter. Trust Co. of Vermont now owns 983 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 32 shares in the last quarter. Kentucky Retirement Systems boosted its holdings in Public Storage by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 9,093 shares of the real estate investment trust’s stock valued at $3,406,000 after purchasing an additional 34 shares in the last quarter. Finally, JJJ Advisors Inc. boosted its holdings in Public Storage by 5.4% in the 4th quarter. JJJ Advisors Inc. now owns 708 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 36 shares in the last quarter. 78.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Public Storage stock opened at $317.37 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.07 and a quick ratio of 2.07. Public Storage has a 1 year low of $292.32 and a 1 year high of $421.76. The company has a market capitalization of $55.69 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.90 and a beta of 0.31. The business has a 50 day moving average price of $324.86 and a 200 day moving average price of $354.88.

Public Storage (NYSE:PSAGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $2.63 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.96). The business had revenue of $749.27 million during the quarter, compared to analyst estimates of $985.58 million. Public Storage had a net margin of 54.79% and a return on equity of 38.01%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 earnings per share. As a group, research analysts expect that Public Storage will post 15.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $2.00 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $8.00 annualized dividend and a yield of 2.52%. Public Storage’s dividend payout ratio (DPR) is presently 77.75%.

A number of equities research analysts have weighed in on PSA shares. StockNews.com lowered Public Storage from a “buy” rating to a “hold” rating in a report on Friday, June 10th. The Goldman Sachs Group lifted their price target on shares of Public Storage from $398.00 to $440.00 and gave the company a “neutral” rating in a research report on Thursday, April 14th. Raymond James reduced their price target on shares of Public Storage from $375.00 to $365.00 in a research report on Monday, May 23rd. Truist Financial reduced their price target on shares of Public Storage from $425.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. Finally, Jefferies Financial Group reduced their price target on shares of Public Storage from $465.00 to $369.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Five 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 MarketBeat, Public Storage currently has an average rating of “Moderate Buy” and a consensus price target of $371.82.

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.

See Also

Institutional Ownership by Quarter for Public Storage (NYSE:PSA)

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