MQS Management LLC Takes Position in Public Storage $PSA

MQS Management LLC bought a new stake in shares of Public Storage (NYSE:PSA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,762 shares of the real estate investment trust’s stock, valued at approximately $976,000. Public Storage comprises approximately 0.6% of MQS Management LLC’s investment portfolio, making the stock its 17th biggest holding.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Public Storage by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock valued at $6,576,534,000 after purchasing an additional 2,274,397 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Public Storage by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock valued at $963,177,000 after purchasing an additional 177,421 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Public Storage by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust’s stock valued at $633,796,000 after purchasing an additional 49,996 shares during the last quarter. APG Asset Management US Inc. increased its position in shares of Public Storage by 0.7% during the 3rd quarter. APG Asset Management US Inc. now owns 2,184,979 shares of the real estate investment trust’s stock valued at $635,130,000 after purchasing an additional 14,367 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Public Storage by 5.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,940,574 shares of the real estate investment trust’s stock valued at $560,535,000 after purchasing an additional 96,627 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BMO Capital Markets reissued a “market perform” rating on shares of Public Storage in a research report on Monday, March 16th. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price objective on Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Royal Bank Of Canada boosted their price objective on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Finally, Evercore set a $306.00 price objective on Public Storage in a report on Monday, May 4th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $314.33.

Public Storage Price Performance

PSA opened at $304.96 on Friday. The business has a fifty day moving average of $293.18 and a 200 day moving average of $284.88. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51. 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 cap of $53.54 billion, a P/E ratio of 31.47, a PEG ratio of 4.17 and a beta of 1.00.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter 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. As a group, sell-side analysts anticipate that Public Storage will post 16.89 EPS for the current year.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 is Monday, June 15th. Public Storage’s dividend 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.