Cbre Investment Management Listed Real Assets LLC Acquires 273,436 Shares of Public Storage $PSA

Cbre Investment Management Listed Real Assets LLC grew its holdings in Public Storage (NYSE:PSA) by 479.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 330,487 shares of the real estate investment trust’s stock after purchasing an additional 273,436 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Public Storage were worth $85,761,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Public Storage in the fourth quarter worth $1,163,751,000. Vanguard Group Inc. lifted its stake in shares of Public Storage by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after buying an additional 2,274,397 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Public Storage by 498.7% in the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after buying an additional 481,872 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Public Storage by 38.0% in the third quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust’s stock worth $330,909,000 after buying an additional 315,370 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Public Storage by 93.8% in the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after buying an additional 291,895 shares during the last quarter. 78.79% of the stock is owned by institutional investors.

Public Storage Trading Down 2.4%

Shares of Public Storage stock opened at $296.30 on Tuesday. The firm 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. 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’s fifty day moving average price is $295.18 and its two-hundred day moving average price is $286.13. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51.

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 (EPS) 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 business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, analysts expect that Public Storage will post 16.9 EPS for the current year.

Public Storage Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on PSA. Jefferies Financial Group boosted their price objective on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada boosted 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 note on Wednesday, April 29th. Wells Fargo & Company lowered shares of Public Storage from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $330.00 to $295.00 in a research report on Thursday, February 5th. Bank of America lowered shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price on the stock. in a research report on Thursday, February 5th. Finally, Barclays dropped their target price on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $316.06.

Public Storage Company 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.