Public Storage $PSA Holdings Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of Public Storage (NYSE:PSA) by 31.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,804 shares of the real estate investment trust’s stock after purchasing an additional 2,349 shares during the period. Crossmark Global Holdings Inc.’s holdings in Public Storage were worth $2,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PSA. Vanguard Group Inc. grew its position in Public Storage by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after purchasing an additional 2,274,397 shares in the last quarter. AQR Capital Management LLC grew its position in Public Storage by 498.7% during the 2nd quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after purchasing an additional 481,872 shares in the last quarter. Centersquare Investment Management LLC grew its position in Public Storage by 38.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust’s stock worth $330,909,000 after purchasing an additional 315,370 shares in the last quarter. Barclays PLC grew its position in Public Storage by 93.8% during the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after purchasing an additional 291,895 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Public Storage by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock worth $963,177,000 after purchasing an additional 177,421 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Public Storage Trading Up 0.2%

Public Storage stock opened at $311.53 on Tuesday. The company’s fifty day simple moving average is $294.08 and its 200-day simple moving average is $284.43. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a 12 month low of $256.54 and a 12 month high of $313.51. The stock has a market cap of $54.69 billion, a P/E ratio of 32.15, a P/E/G ratio of 4.25 and a beta of 1.00.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company posted $4.12 EPS. Public Storage’s revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, sell-side analysts forecast that Public Storage will post 16.89 EPS for the current fiscal year.

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s payout ratio is presently 123.84%.

Wall Street Analyst Weigh In

PSA has been the topic of several research analyst reports. Royal Bank Of Canada lifted their price objective on shares of Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 price target on the stock. in a report on Tuesday, January 20th. The Goldman Sachs Group restated a “buy” rating and set a $341.00 price target on shares of Public Storage in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $310.83.

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.