Public Storage $PSA Stock Holdings Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in shares of Public Storage (NYSE:PSA) by 32.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,045 shares of the real estate investment trust’s stock after purchasing an additional 4,420 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Public Storage were worth $5,212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whitener Capital Management Inc. boosted its stake in shares of Public Storage by 2.3% during the 2nd quarter. Whitener Capital Management Inc. now owns 1,610 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 36 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of Public Storage by 9.5% in the second quarter. Rosenberg Matthew Hamilton now owns 416 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 36 shares during the last quarter. Patrick M Sweeney & Associates Inc. raised its holdings in shares of Public Storage by 3.5% during the second quarter. Patrick M Sweeney & Associates Inc. now owns 1,070 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 36 shares in the last quarter. CoreCap Advisors LLC boosted its position in Public Storage by 7.0% during the third quarter. CoreCap Advisors LLC now owns 568 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 37 shares during the last quarter. Finally, Mather Group LLC. grew its stake in Public Storage by 4.6% in the second quarter. Mather Group LLC. now owns 864 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 38 shares in the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Public Storage Trading Up 2.6%

Shares of PSA stock opened at $278.18 on Friday. Public Storage has a 12 month low of $256.54 and a 12 month high of $322.49. The company has a market cap of $48.81 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 5.82 and a beta of 1.01. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.99. The business’s 50 day moving average is $269.29 and its two-hundred day moving average is $282.76.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.07. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Public Storage had a net margin of 39.53% and a return on equity of 36.09%. Public Storage’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.20 earnings per share. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. Equities analysts predict that Public Storage will post 16.7 EPS for the current year.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, December 15th. Public Storage’s dividend payout ratio is 124.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Public Storage in a research note on Wednesday, October 8th. Evercore ISI dropped their price objective on Public Storage from $315.00 to $309.00 and set an “in-line” rating on the stock in a report on Monday, December 1st. Morgan Stanley began coverage on shares of Public Storage in a research report on Friday, December 5th. They set an “equal weight” rating and a $290.00 price objective on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $301.00 target price (down from $316.00) on shares of Public Storage in a research report on Thursday, December 18th. Finally, BNP Paribas Exane dropped their price target on shares of Public Storage from $329.00 to $315.00 in a research note on Tuesday, December 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.67.

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.