Clearbridge Investments LLC Has $374.45 Million Holdings in Public Storage $PSA

Clearbridge Investments LLC increased its stake in Public Storage (NYSE:PSA) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,442,975 shares of the real estate investment trust’s stock after buying an additional 297,404 shares during the quarter. Clearbridge Investments LLC’s holdings in Public Storage were worth $374,452,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC lifted its holdings in Public Storage by 25.3% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock valued at $4,829,000 after purchasing an additional 3,763 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Public Storage by 57.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock valued at $1,437,000 after purchasing an additional 1,816 shares during the last quarter. Barclays PLC lifted its holdings in Public Storage by 93.8% during the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock valued at $174,165,000 after purchasing an additional 291,895 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Public Storage by 35.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,158 shares of the real estate investment trust’s stock valued at $4,090,000 after purchasing an additional 3,741 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Public Storage by 777.1% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,605 shares of the real estate investment trust’s stock valued at $752,000 after purchasing an additional 2,308 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Stock Up 1.1%

PSA stock opened at $309.98 on Friday. 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 stock has a market capitalization of $54.42 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 4.22 and a beta of 0.98. The business’s fifty day moving average price is $298.08 and its two-hundred day moving average price is $286.89. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $313.51.

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 for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities analysts anticipate that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. 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 report on Wednesday, April 29th. Barclays cut their price target on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Jefferies Financial Group raised their price target on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. UBS Group increased their price objective on Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Public Storage has a consensus rating of “Hold” and a consensus price target of $316.06.

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.