Public Storage $PSA Holdings Raised by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in shares of Public Storage (NYSE:PSA) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,832 shares of the real estate investment trust’s stock after purchasing an additional 2,999 shares during the period. Pacer Advisors Inc.’s holdings in Public Storage were worth $19,938,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 2,274,397 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Public Storage by 5.6% during the third 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 lifted its stake in Public Storage by 2.3% in 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. lifted its stake in Public Storage by 0.7% in 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 lifted its stake in Public Storage by 5.2% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,940,574 shares of the real estate investment trust’s stock worth $560,535,000 after acquiring an additional 96,627 shares in the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Public Storage Stock Performance

Shares of PSA stock opened at $304.08 on Thursday. 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 fifty-two week low of $256.54 and a fifty-two week high of $313.51. The stock’s 50-day moving average is $294.03 and its two-hundred day moving average is $284.41. The firm has a market cap of $53.38 billion, a P/E ratio of 31.38, a PEG ratio of 4.25 and a beta of 1.00.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $4.12 EPS. The business’s revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Analysts predict that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

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

Wall Street Analysts Forecast Growth

PSA has been the subject of several research analyst reports. Barclays reduced their price objective 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. William Blair set a $305.00 price objective on Public Storage in a research note on Monday, March 16th. Deutsche Bank Aktiengesellschaft downgraded Public Storage from a “buy” rating to a “hold” rating and set a $285.00 price objective for the company. in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. Finally, Evercore set a $306.00 target price on Public Storage in a research report on Monday, May 4th. Two investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $310.83.

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.