Public Storage $PSA Shares Purchased by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC raised its stake in shares of Public Storage (NYSE:PSA) by 468.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,330 shares of the real estate investment trust’s stock after buying an additional 10,983 shares during the period. Public Storage makes up 0.8% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 15th biggest position. Longfellow Investment Management Co. LLC’s holdings in Public Storage were worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage in the 3rd quarter worth approximately $27,000. Raiffeisen Bank International AG acquired a new position in shares of Public Storage in the 3rd quarter worth approximately $30,000. Wealth Watch Advisors INC acquired a new position in shares of Public Storage in the 3rd quarter worth approximately $34,000. Knuff & Co LLC acquired a new position in shares of Public Storage in the 4th quarter worth approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Public Storage by 2,940.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Stock Performance

Shares of PSA opened at $309.98 on Friday. Public Storage has a one year low of $256.54 and a one year high of $313.51. The company has a 50-day moving average of $298.08 and a two-hundred day moving average of $286.89. The stock has a market cap 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 company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56.

Public Storage (NYSE:PSA) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.22 billion. During the same period last year, the company posted $4.12 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities research analysts expect 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 issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is currently 123.84%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PSA shares. Mizuho lifted their price objective on shares of Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. BNP Paribas Exane lifted their price objective on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Public Storage in a research note on Monday, March 16th. Finally, UBS Group raised their target price on shares of Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. One research 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 company’s stock. According to data from MarketBeat, Public Storage currently has a consensus rating of “Hold” and a consensus price target 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.