Capital International Investors Increases Holdings in Public Storage $PSA

Capital International Investors grew its holdings in shares of Public Storage (NYSE:PSA) by 821.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,134,996 shares of the real estate investment trust’s stock after acquiring an additional 3,686,211 shares during the quarter. Capital International Investors’ holdings in Public Storage were worth $1,073,032,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in Public Storage during the 3rd quarter valued at about $27,000. Raiffeisen Bank International AG bought a new position in Public Storage during the 3rd quarter valued at about $30,000. Wealth Watch Advisors INC bought a new position in Public Storage during the 3rd quarter valued at about $34,000. Knuff & Co LLC bought a new position in Public Storage during the 4th quarter valued at about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 purchasing an additional 147 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PSA has been the topic of several analyst reports. BNP Paribas Exane upped their price target on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Evercore set a $306.00 price target on shares of Public Storage in a report on Monday, May 4th. Royal Bank Of Canada upped their price target on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Barclays cut their price target on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. One 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $316.06.

Public Storage Price Performance

Shares of PSA stock opened at $309.98 on Friday. Public Storage has a one year low of $256.54 and a one year high of $313.51. 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 company has a market capitalization of $54.42 billion, a P/E ratio of 31.99, a P/E/G ratio of 4.22 and a beta of 0.98. The company’s 50-day simple moving average is $298.08 and its two-hundred day simple moving average is $286.89.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts anticipate that Public Storage will post 16.92 EPS for the current 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 issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

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.