Public Storage $PSA Stock Holdings Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in shares of Public Storage (NYSE:PSA) by 64.7% in the 4th quarter, Holdings Channel reports. The fund owned 361,225 shares of the real estate investment trust’s stock after buying an additional 141,942 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Public Storage were worth $93,738,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PSA. Aptus Capital Advisors LLC lifted its holdings in Public Storage by 1.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 35,084 shares of the real estate investment trust’s stock worth $9,104,000 after purchasing an additional 478 shares during the period. Jacobi Capital Management LLC lifted its holdings in Public Storage by 9.2% in the fourth quarter. Jacobi Capital Management LLC now owns 2,242 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 188 shares during the period. Ontario Teachers Pension Plan Board lifted its holdings in Public Storage by 326.7% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 32,963 shares of the real estate investment trust’s stock worth $8,554,000 after purchasing an additional 25,237 shares during the period. Inspire Advisors LLC lifted its holdings in Public Storage by 4.4% in the fourth quarter. Inspire Advisors LLC now owns 2,558 shares of the real estate investment trust’s stock worth $664,000 after purchasing an additional 107 shares during the period. Finally, Bridgewater Associates LP acquired a new stake in Public Storage in the fourth quarter worth about $201,000. Institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

NYSE PSA opened at $321.18 on Tuesday. The company has a 50 day simple moving average of $304.14 and a 200-day simple moving average of $289.24. 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 firm has a market capitalization of $56.38 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 4.44 and a beta of 0.98. Public Storage has a 52-week low of $256.54 and a 52-week high of $331.79.

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

Public Storage Dividend Announcement

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

Analyst Ratings Changes

PSA has been the subject of several research analyst reports. Royal Bank Of Canada upped their price objective on shares of Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Scotiabank upped their price target on shares of Public Storage from $321.00 to $340.00 in a report on Monday, May 11th. JPMorgan Chase & Co. upped their price target on shares of Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. UBS Group upped their price target on shares of Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, BMO Capital Markets upped their price target on shares of Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a report on Monday. One equities research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $321.22.

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.