PGGM Investments Acquires 2,738 Shares of Public Storage $PSA

PGGM Investments grew its position in shares of Public Storage (NYSE:PSA) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,331 shares of the real estate investment trust’s stock after buying an additional 2,738 shares during the quarter. PGGM Investments owned 0.06% of Public Storage worth $29,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage during the 3rd quarter worth approximately $27,000. Raiffeisen Bank International AG bought a new position in shares of Public Storage during the 3rd quarter worth approximately $30,000. Wealth Watch Advisors INC bought a new position in shares of Public Storage during the 3rd quarter worth approximately $34,000. Knuff & Co LLC bought a new position in shares of Public Storage during the 4th quarter worth approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Public Storage by 2,940.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 147 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PSA. JPMorgan Chase & Co. dropped their target price on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Barclays dropped their target price on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Wells Fargo & Company cut shares of Public Storage from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $330.00 to $295.00 in a research report on Thursday, February 5th. Scotiabank lifted their target price on shares of Public Storage from $321.00 to $340.00 in a research report on Monday, May 11th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Public Storage in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $314.33.

Public Storage Stock Down 0.1%

Public Storage stock opened at $304.96 on Tuesday. Public Storage has a 1-year low of $256.54 and a 1-year high of $313.51. The firm has a market capitalization of $53.54 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 4.17 and a beta of 1.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The firm has a 50 day simple moving average of $293.32 and a 200 day simple moving average of $285.14.

Public Storage (NYSE:PSA) last released 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. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business earned $4.12 EPS. Public Storage’s revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, analysts predict that Public Storage will post 16.89 earnings per share for the current year.

Public Storage Announces Dividend

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

Public Storage Company 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.