USS Investment Management Ltd Grows Stake in Public Storage $PSA

USS Investment Management Ltd raised its stake in Public Storage (NYSE:PSA) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,682 shares of the real estate investment trust’s stock after acquiring an additional 2,733 shares during the quarter. USS Investment Management Ltd’s holdings in Public Storage were worth $8,483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSA. Knights of Columbus Asset Advisors LLC raised its position in shares of Public Storage by 25.3% in the fourth 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 period. Barclays PLC raised its position 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 valued at $174,165,000 after purchasing an additional 291,895 shares during the period. Aster Capital Management DIFC Ltd raised its position in shares of Public Storage by 777.1% in the third 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 period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Public Storage by 5.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust’s stock valued at $118,576,000 after purchasing an additional 25,353 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Public Storage by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 246,002 shares of the real estate investment trust’s stock valued at $63,838,000 after purchasing an additional 12,444 shares during the period. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Public Storage Stock Performance

Public Storage stock opened at $321.18 on Tuesday. The firm’s 50 day simple moving average is $304.14 and its 200 day simple moving average is $289.24. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $56.38 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 4.44 and a beta of 0.98. Public Storage has a 1-year low of $256.54 and a 1-year high of $331.79.

Public Storage (NYSE:PSA) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $4.12 EPS. Public Storage’s revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, analysts expect that Public Storage will post 16.92 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s payout ratio is currently 123.84%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. 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, May 22nd. 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. Barclays lowered their price target 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. BMO Capital Markets boosted their price target on shares of Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $321.22.

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.