CIBC Asset Management Inc Grows Holdings in Public Storage $PSA

CIBC Asset Management Inc increased its position in shares of Public Storage (NYSE:PSA) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,340 shares of the real estate investment trust’s stock after buying an additional 4,730 shares during the period. CIBC Asset Management Inc’s holdings in Public Storage were worth $30,707,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Public Storage by 479.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 330,487 shares of the real estate investment trust’s stock valued at $85,761,000 after buying an additional 273,436 shares during the period. New Mexico Educational Retirement Board increased its stake in shares of Public Storage by 2.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,365 shares of the real estate investment trust’s stock valued at $1,911,000 after buying an additional 200 shares during the period. Pring Turner Capital Group Inc. increased its stake in shares of Public Storage by 1.5% during the fourth quarter. Pring Turner Capital Group Inc. now owns 19,074 shares of the real estate investment trust’s stock valued at $4,950,000 after buying an additional 286 shares during the period. Rothschild Wealth LLC purchased a new position in shares of Public Storage during the fourth quarter valued at $220,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Public Storage by 21.8% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 352 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

PSA opened at $302.48 on Thursday. The business’s 50-day moving average is $296.46 and its two-hundred day moving average is $286.50. Public Storage has a 1 year low of $256.54 and a 1 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 firm has a market capitalization of $53.10 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 4.08 and a beta of 0.98.

Public Storage (NYSE:PSA) last posted 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 analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned $4.12 earnings per share. The firm’s quarterly 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. Research analysts anticipate that Public Storage will post 16.92 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The business also recently announced 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 payout ratio is 123.84%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group raised their price target on Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their price target on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. William Blair set a $305.00 price target on Public Storage in a research note on Monday, March 16th. Finally, Evercore set a $306.00 price target on Public Storage in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $316.06.

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.