Public Storage $PSA Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of Public Storage (NYSE:PSA) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,345 shares of the real estate investment trust’s stock after purchasing an additional 2,877 shares during the quarter. Handelsbanken Fonder AB’s holdings in Public Storage were worth $18,774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Public Storage by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock valued at $6,576,534,000 after buying an additional 2,274,397 shares during the period. JPMorgan Chase & Co. raised its position in shares of Public Storage by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock worth $963,177,000 after acquiring an additional 177,421 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Public Storage by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust’s stock worth $633,796,000 after acquiring an additional 49,996 shares in the last quarter. APG Asset Management US Inc. boosted its stake in shares of Public Storage by 0.7% during the 3rd quarter. APG Asset Management US Inc. now owns 2,184,979 shares of the real estate investment trust’s stock worth $635,130,000 after acquiring an additional 14,367 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Public Storage by 5.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,940,574 shares of the real estate investment trust’s stock valued at $560,535,000 after acquiring an additional 96,627 shares during the period. 78.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. Wells Fargo & Company lowered Public Storage from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $330.00 to $295.00 in a report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $341.00 target price on shares of Public Storage in a research note on Wednesday, April 29th. Wolfe Research cut shares of Public Storage from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Finally, Evercore set a $306.00 price target on shares of Public Storage in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Public Storage currently has an average rating of “Moderate Buy” and an average price target of $313.22.

Public Storage Stock Up 1.8%

NYSE PSA opened at $302.83 on Thursday. The business’s fifty day simple moving average is $293.10 and its 200-day simple moving average is $284.56. 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 firm has a market cap of $53.16 billion, a PE ratio of 31.25, a P/E/G ratio of 4.06 and a beta of 1.00. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51.

Public Storage (NYSE:PSA) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. Public Storage’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts anticipate that Public Storage will post 16.89 earnings per share for the current year.

Public Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is 123.84%.

Public Storage Company 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.