Public Storage $PSA Stock Position Increased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lifted its position in Public Storage (NYSE:PSA) by 25.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,610 shares of the real estate investment trust’s stock after buying an additional 3,763 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Public Storage were worth $4,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Public Storage by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after buying an additional 2,274,397 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Public Storage by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock worth $963,177,000 after buying an additional 177,421 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Public Storage by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust’s stock worth $633,796,000 after buying an additional 49,996 shares in the last quarter. APG Asset Management US Inc. raised its stake in shares of Public Storage by 0.7% in the 3rd quarter. APG Asset Management US Inc. now owns 2,184,979 shares of the real estate investment trust’s stock worth $635,130,000 after buying an additional 14,367 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Public Storage by 4.5% in the 4th quarter. Legal & General Group Plc now owns 1,951,779 shares of the real estate investment trust’s stock worth $506,487,000 after buying an additional 83,916 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Performance

Shares of NYSE PSA opened at $307.01 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $53.89 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 4.16 and a beta of 1.00. The stock’s fifty day simple moving average is $293.80 and its 200 day simple moving average is $285.56. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $1.22 billion for 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 company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, sell-side analysts forecast that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PSA. Royal Bank Of Canada lifted their target price on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Scotiabank lifted their target price on Public Storage from $321.00 to $340.00 in a report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. Jefferies Financial Group lifted their target price on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, UBS Group lifted their target price on Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $316.06.

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.