Metis Global Partners LLC Raises Holdings in Public Storage $PSA

Metis Global Partners LLC increased its stake in shares of Public Storage (NYSE:PSA) by 27.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,657 shares of the real estate investment trust’s stock after acquiring an additional 8,800 shares during the period. Metis Global Partners LLC’s holdings in Public Storage were worth $11,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of Public Storage by 13.3% during the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock valued at $954,000 after purchasing an additional 373 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Public Storage during the second quarter worth $929,000. Blair William & Co. IL grew its position in Public Storage by 4.5% during the second quarter. Blair William & Co. IL now owns 2,863 shares of the real estate investment trust’s stock valued at $840,000 after buying an additional 122 shares during the period. Axxcess Wealth Management LLC increased its holdings in Public Storage by 37.0% in the second quarter. Axxcess Wealth Management LLC now owns 2,727 shares of the real estate investment trust’s stock valued at $800,000 after buying an additional 736 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Public Storage by 13.2% in the second quarter. Wilmington Savings Fund Society FSB now owns 5,421 shares of the real estate investment trust’s stock worth $1,591,000 after acquiring an additional 633 shares during the period. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PSA shares. Raymond James Financial dropped their target price on Public Storage from $350.00 to $330.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 18th. The Goldman Sachs Group lowered their price target on Public Storage from $332.00 to $321.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Mizuho cut their price objective on Public Storage from $310.00 to $285.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Royal Bank Of Canada reduced their target price on Public Storage from $309.00 to $307.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Truist Financial increased their target price on Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $306.63.

Public Storage Stock Performance

NYSE PSA opened at $294.67 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.45 and a quick ratio of 0.45. The stock’s 50 day simple moving average is $274.71 and its 200-day simple moving average is $281.98. The company has a market cap of $51.70 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 9.95 and a beta of 1.01. Public Storage has a 1-year low of $256.54 and a 1-year high of $322.49.

Public Storage (NYSE:PSA) last issued its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $4.26 EPS for the quarter, topping the consensus estimate of $4.21 by $0.05. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Public Storage had a return on equity of 36.09% and a net margin of 39.53%.The firm’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.21 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities research analysts anticipate that Public Storage will post 16.7 EPS for the current fiscal year.

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.