Forsta AP Fonden Decreases Stake in Public Storage $PSA

Forsta AP Fonden lowered its position in Public Storage (NYSE:PSA) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,000 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Forsta AP Fonden’s holdings in Public Storage were worth $8,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Public Storage by 1.7% in 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 purchasing an additional 37 shares in the last quarter. Doliver Advisors LP lifted its holdings in Public Storage by 1.0% in the 4th quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock valued at $1,071,000 after purchasing an additional 39 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in Public Storage by 18.8% in the 3rd 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. Hilltop Holdings Inc. lifted its holdings 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 purchasing an additional 41 shares in the last quarter. Finally, Synovus Financial Corp lifted its holdings in Public Storage by 1.1% in the 3rd quarter. Synovus Financial Corp now owns 3,969 shares of the real estate investment trust’s stock valued at $1,147,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

PSA has been the topic of a number of research reports. BNP Paribas Exane raised their price objective on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Mizuho raised their price objective on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday. BMO Capital Markets restated a “market perform” rating on shares of Public Storage in a report on Monday, March 16th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 target price on shares of Public Storage in a research note on Wednesday, April 29th. Finally, Barclays cut their target price on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. One investment 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $316.06.

Public Storage Stock Up 0.1%

Shares of NYSE:PSA opened at $304.01 on Monday. The business has a 50-day moving average price of $294.80 and a 200 day moving average price of $286.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $53.37 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 4.14 and a beta of 0.98. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51.

Public Storage (NYSE:PSA) last released its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.Public Storage’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Sell-side analysts expect that Public Storage will post 16.9 EPS for the current 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 given 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 payout ratio is currently 123.84%.

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.