Public Storage (NYSE:PSA) Stock Holdings Increased by Sawtooth Solutions LLC

Sawtooth Solutions LLC grew its stake in shares of Public Storage (NYSE:PSA) by 37.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,650 shares of the real estate investment trust’s stock after buying an additional 1,004 shares during the period. Sawtooth Solutions LLC’s holdings in Public Storage were worth $795,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in PSA. Sage Capital Advisors llc purchased a new stake in shares of Public Storage in the fourth quarter valued at $29,000. Oregon Public Employees Retirement Fund grew its position in shares of Public Storage by 18,823.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,180,090 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 7,142,148 shares during the period. Liberty Wealth Management LLC purchased a new stake in shares of Public Storage in the fourth quarter valued at $37,000. CNB Bank purchased a new stake in shares of Public Storage in the fourth quarter valued at $42,000. Finally, Cornerstone Advisors Inc. grew its position in shares of Public Storage by 42.3% in the first quarter. Cornerstone Advisors Inc. now owns 202 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 60 shares during the period. 80.47% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on PSA shares. ValuEngine raised Public Storage from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Bank of America set a $230.00 price objective on Public Storage and gave the company a “hold” rating in a research report on Friday, March 1st. Barclays reaffirmed a “hold” rating and issued a $215.00 price objective on shares of Public Storage in a research report on Thursday, March 7th. KeyCorp raised Public Storage from an “underweight” rating to a “sector weight” rating and set a $243.72 price objective for the company in a research report on Tuesday, June 11th. Finally, Jefferies Financial Group raised Public Storage from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $181.00 to $201.00 in a research report on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $218.22.

Public Storage stock traded up $1.13 during midday trading on Friday, reaching $238.17. The stock had a trading volume of 1,327,317 shares, compared to its average volume of 843,527. Public Storage has a twelve month low of $193.89 and a twelve month high of $247.63. The stock has a market capitalization of $40.86 billion, a PE ratio of 22.55, a PEG ratio of 5.45 and a beta of 0.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50-day moving average price of $236.71.

Public Storage (NYSE:PSA) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $1.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.52 by ($0.79). Public Storage had a net margin of 62.54% and a return on equity of 34.73%. The firm had revenue of $689.00 million during the quarter, compared to analyst estimates of $685.75 million. During the same quarter in the previous year, the business posted $2.48 EPS. Public Storage’s revenue was up 2.9% compared to the same quarter last year. Analysts predict that Public Storage will post 10.73 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Wednesday, June 12th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, June 11th. Public Storage’s payout ratio is currently 75.76%.

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 March 31, 2019, we had: (i) interests in 2,444 self-storage facilities located in 38 states with approximately 164 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 231 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 March 31, 2019.

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

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