Clearbridge Investments LLC Acquires 297,404 Shares of Public Storage $PSA

Clearbridge Investments LLC increased its holdings in shares of Public Storage (NYSE:PSA) by 26.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,442,975 shares of the real estate investment trust’s stock after purchasing an additional 297,404 shares during the quarter. Clearbridge Investments LLC owned 0.82% of Public Storage worth $374,452,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of PSA. Harvest Fund Management Co. Ltd bought a new stake in Public Storage during the 3rd quarter worth approximately $27,000. Raiffeisen Bank International AG bought a new stake in Public Storage during the 3rd quarter worth approximately $30,000. Wealth Watch Advisors INC acquired a new position in Public Storage during the 3rd quarter worth approximately $34,000. Knuff & Co LLC acquired a new position in Public Storage during the 4th quarter worth approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake 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 acquiring an additional 147 shares in the last quarter. 78.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PSA shares. William Blair set a $305.00 price target on shares of Public Storage in a research note on Monday, March 16th. UBS Group raised their price target on shares of Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. decreased their price target on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. Scotiabank raised their price target on shares of Public Storage from $321.00 to $340.00 in a research note on Monday, May 11th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $341.00 price target on shares of Public Storage in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $316.06.

Public Storage Trading Up 1.1%

NYSE PSA opened at $309.98 on Friday. The company has a market cap of $54.42 billion, a PE ratio of 31.99, a PEG ratio of 4.22 and a beta of 0.98. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a 12 month low of $256.54 and a 12 month high of $313.51. The stock has a 50 day moving average of $298.08 and a 200-day moving average of $286.89.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities research analysts anticipate that Public Storage will post 16.92 EPS for the current fiscal year.

Public Storage Announces Dividend

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

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.