Public Storage $PSA Shares Bought by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC lifted its position in Public Storage (NYSE:PSA) by 479.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,487 shares of the real estate investment trust’s stock after acquiring an additional 273,436 shares during the period. Cbre Investment Management Listed Real Assets LLC owned about 0.19% of Public Storage worth $85,761,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Public Storage in the third quarter worth approximately $27,000. Raiffeisen Bank International AG purchased a new position in shares of Public Storage in the third quarter worth approximately $30,000. Wealth Watch Advisors INC purchased a new position in shares of Public Storage in the third quarter worth approximately $34,000. Knuff & Co LLC purchased a new position in shares of Public Storage in the fourth quarter worth approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Public Storage by 2,940.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 147 shares in the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Public Storage Stock Performance

Shares of PSA opened at $296.30 on Tuesday. The company’s 50 day moving average price is $295.18 and its 200 day moving average price is $286.13. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51. The company has a market capitalization of $52.01 billion, a PE ratio of 30.58, a PEG ratio of 4.14 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS 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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $4.12 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts expect that Public Storage will post 16.9 EPS for the current fiscal year.

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s payout ratio is currently 123.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PSA shares. Evercore set a $306.00 target price on shares of Public Storage in a research report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Public Storage in a research report on Tuesday, April 21st. Scotiabank lifted their target price on shares of Public Storage from $321.00 to $340.00 in a research report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating on shares of Public Storage in a research report on Monday, March 16th. Finally, Jefferies Financial Group lifted their target price on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. One research 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 stock. Based on data from MarketBeat, Public Storage presently has a consensus rating of “Hold” and an average target price of $316.06.

About Public Storage

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.