Prudential PLC Has $2.62 Million Stock Position in Public Storage $PSA

Prudential PLC reduced its holdings in Public Storage (NYSE:PSA) by 33.7% in the 4th quarter, Holdings Channel reports. The fund owned 10,112 shares of the real estate investment trust’s stock after selling 5,147 shares during the period. Prudential PLC’s holdings in Public Storage were worth $2,624,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. grew its stake in Public Storage by 1.7% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 37 shares in the last quarter. Doliver Advisors LP boosted its holdings in shares of Public Storage by 1.0% during the fourth quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock worth $1,071,000 after purchasing an additional 39 shares during the period. Deseret Mutual Benefit Administrators grew its position in Public Storage by 14.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 310 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 40 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its position in Public Storage by 18.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 259 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 41 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its stake in Public Storage by 4.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 906 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 41 shares during the period. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Stock Up 0.1%

PSA stock opened at $309.98 on Monday. The firm has a market cap of $54.42 billion, a PE ratio of 31.99, a PEG ratio of 4.22 and a beta of 0.98. Public Storage has a 1 year low of $256.54 and a 1 year high of $313.51. The company has a fifty day simple moving average of $298.08 and a 200 day simple moving average of $287.01. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last posted 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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $4.12 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Sell-side analysts anticipate that Public Storage will post 16.92 EPS for the current fiscal year.

Public Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend 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 is currently 123.84%.

Wall Street Analysts Forecast Growth

PSA has been the subject of a number of research reports. The Goldman Sachs Group reissued a “buy” rating and set a $341.00 target price on shares of Public Storage in a research note on Wednesday, April 29th. Barclays cut their price objective on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Mizuho boosted their target price on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada raised their price target on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Finally, BNP Paribas Exane lifted their price target on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average 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.