Capital International Inc. CA Invests $23.63 Million in Public Storage $PSA

Capital International Inc. CA purchased a new position in shares of Public Storage (NYSE:PSA) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 91,041 shares of the real estate investment trust’s stock, valued at approximately $23,625,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage during the 3rd quarter worth $27,000. Raiffeisen Bank International AG bought a new position in shares of Public Storage during the 3rd quarter worth $30,000. Wealth Watch Advisors INC bought a new position in shares of Public Storage during the 3rd quarter worth $34,000. Knuff & Co LLC bought a new position in shares of Public Storage during the 4th quarter worth $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Public Storage by 2,940.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 147 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

Shares of PSA stock opened at $309.98 on Monday. Public Storage has a 1-year low of $256.54 and a 1-year high of $313.51. The stock’s 50-day moving average is $298.08 and its 200 day moving average is $287.01. The company has a market cap of $54.42 billion, a P/E ratio of 31.99, a PEG ratio of 4.22 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share 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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $4.12 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts predict that Public Storage will post 16.92 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The firm also recently declared 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 yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is currently 123.84%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. BNP Paribas Exane increased their price target on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. William Blair set a $305.00 price objective on Public Storage in a research report on Monday, March 16th. Royal Bank Of Canada raised their price objective on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. Mizuho raised their price objective on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $316.06.

Public Storage 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.