Public Storage $PSA Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in Public Storage (NYSE:PSA) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,171 shares of the real estate investment trust’s stock after selling 49,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Public Storage were worth $70,628,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PSA. Empowered Funds LLC increased its position in Public Storage by 13.3% in the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 373 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Public Storage in the second quarter worth $929,000. Nebula Research & Development LLC bought a new position in shares of Public Storage in the second quarter worth $1,113,000. Treasurer of the State of North Carolina grew its stake in shares of Public Storage by 1.9% in the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock worth $21,647,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Public Storage by 219.8% in the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after purchasing an additional 33,122 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Public Storage Trading Down 0.1%

Shares of PSA stock opened at $311.26 on Wednesday. The stock has a 50-day simple moving average of $294.17 and a 200 day simple moving average of $284.43. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $313.51. The stock has a market capitalization of $54.64 billion, a P/E ratio of 32.12, a P/E/G ratio of 4.25 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business posted $4.12 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, sell-side analysts expect that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $3.00 dividend. 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 dividend payout ratio (DPR) is 123.84%.

Analyst Ratings Changes

Several research firms have recently issued reports on PSA. Royal Bank Of Canada increased their price target on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target on Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. Bank of America cut Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price target for the company. in a research note on Thursday, February 5th. BMO Capital Markets reissued a “market perform” rating on shares of Public Storage in a research note on Monday, March 16th. Finally, Deutsche Bank Aktiengesellschaft cut Public Storage from a “buy” rating to a “hold” rating and set a $285.00 target price for the company. in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.83.

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.