Public Storage $PSA Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in Public Storage (NYSE:PSA) by 27.6% during the third quarter, HoldingsChannel reports. The firm owned 40,657 shares of the real estate investment trust’s stock after acquiring an additional 8,800 shares during the period. Metis Global Partners LLC’s holdings in Public Storage were worth $11,744,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new position in Public Storage during the second quarter worth approximately $25,000. First Pacific Financial acquired a new stake in shares of Public Storage in the 3rd quarter worth $26,000. Asset Dedication LLC increased its stake in shares of Public Storage by 111.1% in the 2nd quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 50 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Public Storage by 60.6% during the 2nd quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 40 shares during the period. Finally, Tradewinds Capital Management LLC acquired a new position in shares of Public Storage during the 3rd quarter valued at about $33,000. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PSA has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Public Storage from $315.00 to $317.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. BMO Capital Markets cut their price target on shares of Public Storage from $320.00 to $305.00 and set a “market perform” rating for the company in a report on Monday, December 22nd. Raymond James Financial reduced their price target on shares of Public Storage from $350.00 to $330.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 18th. Wells Fargo & Company lowered Public Storage from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $330.00 to $295.00 in a research report on Thursday, February 5th. Finally, Bank of America cut Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Public Storage presently has a consensus rating of “Hold” and a consensus price target of $306.63.

Public Storage Stock Performance

Shares of PSA stock opened at $294.67 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market cap of $51.70 billion, a P/E ratio of 30.60, a P/E/G ratio of 9.95 and a beta of 1.01. The firm’s 50 day moving average price is $274.71 and its 200-day moving average price is $281.98. Public Storage has a one year low of $256.54 and a one year high of $322.49.

Public Storage (NYSE:PSA) last announced its earnings results on Thursday, February 12th. The real estate investment trust reported $4.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.05. Public Storage had a return on equity of 36.09% and a net margin of 39.53%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company earned $4.21 earnings per share. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities research analysts predict that Public Storage will post 16.7 EPS for the current year.

Public Storage Company 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.