Public Storage $PSA Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Public Storage (NYSE:PSA) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,089,143 shares of the real estate investment trust’s stock after buying an additional 66,445 shares during the quarter. Geode Capital Management LLC’s holdings in Public Storage were worth $1,056,976,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PSA. Knights of Columbus Asset Advisors LLC grew its position in Public Storage by 25.3% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock worth $4,829,000 after purchasing an additional 3,763 shares in the last quarter. National Pension Service grew its position in Public Storage by 4.2% during the 3rd quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock worth $73,743,000 after purchasing an additional 10,345 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in Public Storage by 57.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock worth $1,437,000 after purchasing an additional 1,816 shares in the last quarter. Cornerstone Planning Group LLC grew its position in Public Storage by 14,992.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock worth $3,400,000 after purchasing an additional 11,694 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Public Storage by 19.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock worth $11,766,000 after purchasing an additional 6,814 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Trading Down 1.7%

Shares of NYSE:PSA opened at $304.01 on Friday. The firm has a fifty day moving average of $294.80 and a two-hundred day moving average of $285.91. The firm has a market capitalization of $53.37 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 4.22 and a beta of 1.00. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last issued its 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 company 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 company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities analysts expect that Public Storage will post 16.9 EPS for the current fiscal year.

Public Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid 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 (DPR) is 123.84%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PSA shares. Wells Fargo & Company cut shares of Public Storage from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $330.00 to $295.00 in a research report on Thursday, February 5th. UBS Group lifted their price objective on shares of Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. The Goldman Sachs Group reiterated a “buy” rating and set a $341.00 price objective on shares of Public Storage in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Mizuho lifted their price objective on shares of Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $316.06.

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.