BNP Paribas Financial Markets Boosts Stock Position in Public Storage $PSA

BNP Paribas Financial Markets grew its stake in shares of Public Storage (NYSE:PSA) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,952 shares of the real estate investment trust’s stock after buying an additional 2,663 shares during the period. BNP Paribas Financial Markets’ holdings in Public Storage were worth $83,547,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PSA. Harvest Fund Management Co. Ltd purchased a new position in shares of Public Storage during the 3rd quarter valued at about $27,000. Raiffeisen Bank International AG purchased a new position in shares of Public Storage during the 3rd quarter valued at about $30,000. Wealth Watch Advisors INC purchased a new position in shares of Public Storage during the 3rd quarter valued at about $34,000. Knuff & Co LLC purchased a new position in shares of Public Storage during the 4th quarter valued at about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Public Storage by 2,940.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 147 shares in the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Public Storage Stock Down 2.4%

Shares of PSA opened at $296.30 on Tuesday. The business’s 50 day moving average is $295.18 and its 200 day moving average is $286.13. The company has a market capitalization of $52.01 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 4.14 and a beta of 0.98. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $4.12 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts expect that Public Storage will post 16.9 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. Public Storage’s payout ratio is presently 123.84%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PSA. William Blair set a $305.00 price objective on Public Storage in a research report on Monday, March 16th. JPMorgan Chase & Co. lowered their price objective on Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Jefferies Financial Group lifted their price objective on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Royal Bank Of Canada lifted their price objective on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $316.06.

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.