4,601 Shares in Public Storage $PSA Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in Public Storage (NYSE:PSA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,601 shares of the real estate investment trust’s stock, valued at approximately $1,194,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in Public Storage in the 3rd quarter worth approximately $27,000. Raiffeisen Bank International AG purchased a new stake in Public Storage in the 3rd quarter worth approximately $30,000. Wealth Watch Advisors INC purchased a new stake in Public Storage in the 3rd quarter worth approximately $34,000. Knuff & Co LLC purchased a new stake in Public Storage in the 4th quarter worth approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Public Storage by 2,940.0% in 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 acquiring an additional 147 shares in the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. William Blair set a $305.00 price target on Public Storage in a research note on Monday, March 16th. Barclays dropped their price target on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Evercore upped their price target on Public Storage from $306.00 to $317.00 in a research note on Monday, June 8th. JPMorgan Chase & Co. upped their price target on Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Royal Bank Of Canada upped 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. One research 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 company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $319.28.

Public Storage Stock Up 0.3%

NYSE PSA opened at $325.83 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $57.20 billion, a P/E ratio of 33.63, a P/E/G ratio of 4.43 and a beta of 0.98. Public Storage has a one year low of $256.54 and a one year high of $331.79. The stock has a 50 day moving average price of $303.33 and a 200-day moving average price of $288.76.

Public Storage (NYSE:PSA) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts predict that Public Storage will post 16.92 EPS for the current fiscal year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $3.00 per share. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. Public Storage’s payout ratio is 123.84%.

About Public Storage

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.