Public Storage $PSA Holdings Reduced by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan decreased its position in Public Storage (NYSE:PSA) by 75.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,942 shares of the real estate investment trust’s stock after selling 5,924 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Public Storage were worth $504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Public Storage in the 3rd quarter worth approximately $27,000. Raiffeisen Bank International AG acquired a new stake in shares of Public Storage in the 3rd quarter worth approximately $30,000. Wealth Watch Advisors INC acquired a new stake in Public Storage during the third quarter valued at approximately $34,000. Knuff & Co LLC acquired a new stake in Public Storage during the fourth quarter valued at approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Public Storage by 2,940.0% during the fourth 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. Institutional investors own 78.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PSA. Scotiabank boosted their price target on shares of Public Storage from $321.00 to $340.00 in a report on Monday, May 11th. Jefferies Financial Group boosted their price target on shares of Public Storage from $330.00 to $350.00 in a report on Thursday, May 7th. 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. UBS Group boosted their price target on shares of Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a report on Monday. Finally, William Blair set a $305.00 price target on shares of Public Storage in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $312.94.

Public Storage Stock Up 0.6%

Public Storage stock opened at $297.78 on Wednesday. The firm has a market cap of $52.28 billion, a PE ratio of 30.73, a P/E/G ratio of 4.04 and a beta of 1.00. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s 50 day moving average price is $293.18 and its two-hundred day moving average price is $284.40. Public Storage has a twelve month low of $256.54 and a twelve month high of $313.51.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates 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 for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, research analysts predict that Public Storage will post 16.89 EPS for the current fiscal year.

Public Storage Announces Dividend

The business 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. This represents a $12.00 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio is currently 123.84%.

Public Storage 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.