Montrusco Bolton Investments 13F: Cuts PSA Stake by $18M

Montrusco Bolton Investments has trimmed its stake in Public Storage (NYSE:PSA), according to its latest 13F filing with the SEC. The firm reduced its holdings by 62,946 shares, a 14.3% decrease, bringing its total to 375,886 shares valued at approximately $106.3 million as of the reporting period.

What Changed in Montrusco Bolton's Public Storage Position

Montrusco Bolton cut its position in Public Storage by 62,946 shares, reducing its total holdings to 375,886 shares. This reduction represents a 14.3% decrease in its stake, valued at around $106.3 million. Previously, the firm held 438,832 shares in the real estate company.

Public Storage Stock Up 0.6%

Shares of Public Storage were trading near their previous close of $296.31 as of Friday. The company, a leading player in the self-storage sector, boasts a market capitalization of about $55.4 billion. It has a P/E ratio of 28.3 and a forward P/E of 29.0, indicating the market's expectations for its future earnings. The stock has seen a 52-week range between $256.54 and $335.55, with a 50-day moving average of $315.13 and a 200-day moving average of $299.05. Public Storage has a beta of 0.935, suggesting it is slightly less volatile than the overall market.

Recent Earnings

Public Storage reported revenues of $4.91 billion, reflecting a growth of 3.3%. The company achieved a net margin of 41.6% and a return on equity of 21.9%. Its earnings per share (EPS) stood at $10.49. Investors are looking forward to the company's next earnings release, scheduled for October 28, 2026.

Dividend

Public Storage offers a robust dividend, paying out $12.00 per year, which translates to a yield of 4.04%. The company's dividend payout ratio is high at 114.5%, indicating it returns more to shareholders than it earns in net income, a common practice among REITs.

About Public Storage

Public Storage is a leading real estate investment trust (REIT) that focuses on acquiring, developing, and operating self-storage facilities. Headquartered in Frisco, Texas, the company manages 3,584 self-storage locations across 40 states in the U.S., encompassing approximately 259 million net rentable square feet. Public Storage also holds a 35% stake in Shurgard Self Storage Limited, which operates 335 facilities across seven Western European countries. Led by CEO H. Thomas Boyle III, the company employs about 5,770 people.

Bottom Line

Montrusco Bolton's decision to reduce its holdings in Public Storage reflects a notable shift in its investment strategy. While 13F filings are backward-looking and may not represent the firm's current position, they provide valuable insights into institutional sentiment. Public Storage remains a significant player in the self-storage sector, offering investors a combination of income and growth potential.