BNP Paribas Financial Markets Grows Position in Public Storage $PSA

BNP Paribas Financial Markets grew its stake in shares of Public Storage (NYSE:PSA) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 321,952 shares of the real estate investment trust’s stock after purchasing an additional 2,663 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.18% of Public Storage worth $83,547,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays decreased their target price on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. BNP Paribas Exane increased their price objective on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. UBS Group increased their price objective on Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Royal Bank Of Canada increased their price objective on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Finally, Scotiabank increased their price objective on Public Storage from $321.00 to $340.00 in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Public Storage has a consensus rating of “Hold” and an average price target of $316.06.

Public Storage Price Performance

Shares of NYSE:PSA opened at $296.30 on Tuesday. Public Storage has a 1-year low of $256.54 and a 1-year high of $313.51. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The business has a fifty day moving average price of $295.18 and a 200-day moving average price of $286.13. 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.

Public Storage (NYSE:PSA) last issued its quarterly 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $4.12 earnings per share. The company’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. As a group, equities analysts expect that Public Storage will post 16.9 EPS for the current fiscal year.

Public Storage Dividend Announcement

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