Public Storage (PSA) To Go Ex-Dividend on June 15th

Public Storage (NYSE:PSA) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, June 15th will be given a dividend of 3.00 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th.

Public Storage has increased its dividend payment by an average of 0.1%per year over the last three years. Public Storage has a payout ratio of 113.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Public Storage to earn $17.46 per share next year, which means the company should continue to be able to cover its $12.00 annual dividend with an expected future payout ratio of 68.7%.

Public Storage Trading Up 0.3%

Public Storage stock opened at $325.83 on Friday. The stock has a market cap of $57.20 billion, a PE ratio of 33.63, a P/E/G ratio of 4.43 and a beta of 0.98. The stock has a 50-day moving average price of $303.33 and a 200 day moving average price of $288.76. Public Storage has a 52 week low of $256.54 and a 52 week high of $331.79. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm’s quarterly revenue was down .1% compared to the same quarter last year. 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. Equities research analysts predict that Public Storage will post 16.92 earnings per share for the current fiscal year.

Institutional Trading of Public Storage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSA. Norges Bank purchased a new stake in Public Storage in the 4th quarter valued at about $1,163,751,000. Capital International Investors grew its holdings in Public Storage by 821.4% in the 4th quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock valued at $1,073,032,000 after buying an additional 3,686,211 shares during the period. Vanguard Group Inc. grew its holdings in Public Storage by 9.9% in 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 buying an additional 2,274,397 shares during the period. First Trust Advisors LP grew its holdings in Public Storage by 287.7% in the 4th quarter. First Trust Advisors LP now owns 721,588 shares of the real estate investment trust’s stock valued at $187,252,000 after buying an additional 535,465 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Public Storage by 498.7% in the 2nd quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock valued at $166,970,000 after purchasing an additional 481,872 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

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.