Fjarde AP Fonden Fourth Swedish National Pension Fund Takes $10.48 Million Position in Public Storage $PSA

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in Public Storage (NYSE:PSA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 40,392 shares of the real estate investment trust’s stock, valued at approximately $10,482,000.

Several other hedge funds also recently made changes to their positions in PSA. Knights of Columbus Asset Advisors LLC grew its position in Public Storage by 25.3% during the fourth 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 buying an additional 3,763 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in Public Storage by 57.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock worth $1,437,000 after buying an additional 1,816 shares in the last quarter. Barclays PLC grew its position in Public Storage by 93.8% during the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after buying an additional 291,895 shares in the last quarter. Advisors Asset Management Inc. grew its position in Public Storage by 35.9% during the third quarter. Advisors Asset Management Inc. now owns 14,158 shares of the real estate investment trust’s stock worth $4,090,000 after buying an additional 3,741 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in Public Storage by 777.1% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,605 shares of the real estate investment trust’s stock worth $752,000 after buying an additional 2,308 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Public Storage Price Performance

PSA opened at $309.98 on Friday. The stock has a 50-day moving average price of $298.08 and a 200-day moving average price of $286.89. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51. 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 stock has a market capitalization of $54.42 billion, a P/E ratio of 31.99, a PEG ratio of 4.22 and a beta of 0.98.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business earned $4.12 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities analysts predict that Public Storage will post 16.92 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $3.00 dividend. 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 dividend payout ratio is presently 123.84%.

Analyst Ratings Changes

Several equities analysts recently commented on PSA shares. UBS Group boosted their target price on Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Scotiabank boosted their target price on Public Storage from $321.00 to $340.00 in a research report on Monday, May 11th. Jefferies Financial Group boosted their target price on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Barclays reduced their target price on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Finally, Mizuho boosted their target price on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $316.06.

Public Storage Company 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.