ProShare Advisors LLC Has $9.13 Million Stake in Public Storage $PSA

ProShare Advisors LLC raised its stake in shares of Public Storage (NYSE:PSA) by 7.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 35,162 shares of the real estate investment trust’s stock after purchasing an additional 2,495 shares during the period. ProShare Advisors LLC’s holdings in Public Storage were worth $9,125,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Public Storage by 9.9% during the 4th 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 purchasing an additional 2,274,397 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Public Storage by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock valued at $963,177,000 after purchasing an additional 177,421 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 valued at $633,796,000 after purchasing an additional 49,996 shares during the last quarter. APG Asset Management US Inc. boosted its stake in 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 valued at $635,130,000 after purchasing an additional 14,367 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in 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 purchasing an additional 96,627 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PSA. Royal Bank Of Canada lifted their target price on shares of Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. William Blair set a $305.00 price target on shares of Public Storage in a report on Monday, March 16th. Scotiabank boosted their target price on shares of Public Storage from $321.00 to $340.00 in a report on Monday, May 11th. Bank of America cut shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price on the stock. in a report on Thursday, February 5th. Finally, Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $313.22.

Public Storage Stock Up 0.7%

PSA opened at $304.98 on Friday. The company has a fifty day moving average price of $293.08 and a 200-day moving average price of $284.74. The firm has a market capitalization of $53.54 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 4.14 and a beta of 1.00. 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 has a one year low of $256.54 and a one year high of $313.51.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 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%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts expect that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage’s payout ratio is 123.84%.

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.