Metis Global Partners LLC Acquires 1,724 Shares of Public Storage $PSA

Metis Global Partners LLC increased its holdings in Public Storage (NYSE:PSA) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,381 shares of the real estate investment trust’s stock after acquiring an additional 1,724 shares during the quarter. Metis Global Partners LLC’s holdings in Public Storage were worth $10,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PSA. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage in the 3rd quarter worth about $27,000. Raiffeisen Bank International AG bought a new position in shares of Public Storage in the 3rd quarter worth about $30,000. Wealth Watch Advisors INC bought a new position in shares of Public Storage in the 3rd quarter worth about $34,000. Knuff & Co LLC bought a new position in shares of Public Storage in the 4th quarter worth about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased 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 acquiring an additional 147 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors.

Public Storage Stock Performance

Shares of NYSE PSA opened at $324.73 on Thursday. The firm’s 50-day moving average price is $301.26 and its 200-day moving average price is $288.11. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market cap of $57.01 billion, a PE ratio of 33.51, a PEG ratio of 4.40 and a beta of 0.98. Public Storage has a 52-week low of $256.54 and a 52-week high of $331.79.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, analysts anticipate that Public Storage will post 16.92 EPS for the current year.

Public Storage Dividend Announcement

The business also recently declared 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. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Analysts Set New Price Targets

Several brokerages recently commented on PSA. William Blair set a $305.00 price objective on shares of Public Storage in a research report on Monday, March 16th. Barclays cut their price objective 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. Jefferies Financial Group increased their price objective on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Public Storage in a research report on Tuesday, April 21st. Finally, Scotiabank increased their price objective on shares of Public Storage from $321.00 to $340.00 in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $316.67.

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.