21,904 Shares in Public Storage $PSA Bought by ABC Arbitrage SA

ABC Arbitrage SA purchased a new position in shares of Public Storage (NYSE:PSA) during the 4th quarter, HoldingsChannel reports. The firm purchased 21,904 shares of the real estate investment trust’s stock, valued at approximately $5,684,000.

Other hedge funds also recently bought and sold shares of the company. National Pension Service increased its stake in shares of Public Storage by 4.2% during the third quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock worth $73,743,000 after buying an additional 10,345 shares during the period. J.W. Cole Advisors Inc. lifted its stake in Public Storage by 57.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock worth $1,437,000 after acquiring an additional 1,816 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in Public Storage by 14,992.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock worth $3,400,000 after acquiring an additional 11,694 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Public Storage by 19.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock valued at $11,766,000 after purchasing an additional 6,814 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Public Storage by 93.8% in the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock valued at $174,165,000 after purchasing an additional 291,895 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Trading Up 0.2%

NYSE:PSA opened at $311.53 on Tuesday. The company has a market capitalization of $54.69 billion, a PE ratio of 32.15, a P/E/G ratio of 4.25 and a beta of 1.00. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51. The stock’s 50 day moving average price is $294.08 and its 200 day moving average price is $284.43. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, research analysts anticipate that Public Storage will post 16.89 EPS for the current year.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.9%. Public Storage’s dividend payout ratio is 123.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PSA shares. Bank of America cut shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price objective for the company. in a research report on Thursday, February 5th. Wolfe Research cut Public Storage from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Jefferies Financial Group lifted their price target on Public Storage from $330.00 to $350.00 in a report on Thursday, May 7th. William Blair set a $305.00 price objective on Public Storage in a research report on Monday, March 16th. Finally, Evercore set a $306.00 price objective on Public Storage in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $310.83.

Public Storage Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.