4,924 Shares in Public Storage $PSA Purchased by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. bought a new stake in Public Storage (NYSE:PSA) during the fourth quarter, HoldingsChannel.com reports. The fund bought 4,924 shares of the real estate investment trust’s stock, valued at approximately $1,278,000.

Other institutional investors have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC boosted its stake in shares of Public Storage by 468.0% during the 4th quarter. Longfellow Investment Management Co. LLC now owns 13,330 shares of the real estate investment trust’s stock worth $3,459,000 after buying an additional 10,983 shares during the last quarter. Dearborn Partners LLC acquired a new stake in shares of Public Storage in the fourth quarter valued at about $394,000. Pinebridge Investments LLC bought a new stake in Public Storage during the fourth quarter worth about $936,000. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Public Storage during the fourth quarter valued at approximately $10,482,000. Finally, Deseret Mutual Benefit Administrators boosted its position in Public Storage by 14.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 310 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Trading Up 0.1%

Shares of PSA stock opened at $309.98 on Monday. The firm has a 50 day moving average price of $298.08 and a two-hundred day moving average price of $287.01. 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 company has a market capitalization of $54.42 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51.

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, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, analysts predict that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.9%. Public Storage’s payout ratio is currently 123.84%.

Analyst Upgrades and Downgrades

PSA has been the topic of several recent analyst reports. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Mizuho increased their price objective on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. William Blair set a $305.00 target price on shares of Public Storage in a research note on Monday, March 16th. Jefferies Financial Group boosted their target price on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $316.06.

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.