Public Storage $PSA Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Public Storage (NYSE:PSA) by 74.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,023 shares of the real estate investment trust’s stock after acquiring an additional 67,238 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.09% of Public Storage worth $41,007,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in Public Storage by 13.3% during the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 373 shares during the period. Sivia Capital Partners LLC acquired a new position in Public Storage during the 2nd quarter worth approximately $929,000. Nebula Research & Development LLC acquired a new position in Public Storage during the 2nd quarter worth approximately $1,113,000. Treasurer of the State of North Carolina increased its position in Public Storage by 1.9% during the 2nd 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 during the period. Finally, Ieq Capital LLC increased its position in Public Storage by 219.8% during the 2nd 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 during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

PSA has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research report on Tuesday, April 21st. Evercore boosted their target price on Public Storage from $306.00 to $317.00 in a research report on Monday, June 8th. JPMorgan Chase & Co. boosted their target price on Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research report on Thursday. Mizuho boosted their target price on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, William Blair set a $305.00 target price on Public Storage in a research report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $319.28.

Public Storage Price Performance

Shares of NYSE:PSA opened at $325.83 on Monday. The business’s fifty day moving average price is $303.33 and its two-hundred day moving average price is $288.90. The stock has a market cap of $57.20 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 4.44 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. Public Storage has a one year low of $256.54 and a one year high of $331.79.

Public Storage (NYSE:PSA) last announced 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 for the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.Public Storage’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, analysts forecast that Public Storage will post 16.92 EPS for the current fiscal year.

Public Storage Announces Dividend

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