PGGM Investments Grows Stock Holdings in Public Storage $PSA

PGGM Investments boosted its holdings in Public Storage (NYSE:PSA) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 113,331 shares of the real estate investment trust’s stock after acquiring an additional 2,738 shares during the quarter. PGGM Investments’ holdings in Public Storage were worth $29,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds 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 $27,000. Raiffeisen Bank International AG purchased a new position in shares of Public Storage during the 3rd quarter valued at $30,000. Wealth Watch Advisors INC purchased a new position in shares of Public Storage during the 3rd quarter valued at $34,000. Knuff & Co LLC purchased a new position in shares of Public Storage during the 4th quarter valued at $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew 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 purchasing an additional 147 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Public Storage Stock Performance

NYSE PSA opened at $304.96 on Tuesday. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51. 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 company has a market capitalization of $53.54 billion, a P/E ratio of 31.47, a P/E/G ratio of 4.17 and a beta of 1.00. The company has a fifty day moving average of $293.32 and a 200-day moving average of $285.14.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $4.12 EPS. The firm’s revenue was down .1% 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 16.89 EPS for the current fiscal year.

Public Storage Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company lowered shares of Public Storage from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $330.00 to $295.00 in a research report on Thursday, February 5th. BNP Paribas Exane boosted their price target on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Public Storage in a research report on Monday, March 16th. 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $314.33.

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.