Public Storage $PSA Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in shares of Public Storage (NYSE:PSA) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,280,540 shares of the real estate investment trust’s stock after buying an additional 67,787 shares during the period. Dimensional Fund Advisors LP’s holdings in Public Storage were worth $617,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSA. Bayban bought a new position in Public Storage in the fourth quarter worth about $26,000. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage during the third quarter valued at approximately $27,000. Wealth Watch Advisors INC bought a new position in shares of Public Storage during the third quarter valued at approximately $34,000. Raiffeisen Bank International AG raised its position in shares of Public Storage by 35.2% during the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 37 shares during the period. Finally, Knuff & Co LLC acquired a new stake in shares of Public Storage during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research report on Monday, June 15th. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada raised their target price on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Barclays reissued an “equal weight” rating and set a $349.00 price target on shares of Public Storage in a report on Friday, July 10th. Finally, UBS Group upped their price target on shares of Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $325.37.

Public Storage Stock Up 0.1%

Shares of PSA stock opened at $318.33 on Monday. Public Storage has a 1 year low of $256.54 and a 1 year high of $331.79. The stock has a market cap of $55.88 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 4.28 and a beta of 0.96. The business’s fifty day moving average is $314.27 and its 200-day moving average is $298.20. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56.

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 company had revenue of $1.22 billion for 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%.The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities analysts expect that Public Storage will post 16.94 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $3.00 dividend. The ex-dividend date was Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.8%. Public Storage’s payout ratio is 123.84%.

Insider Buying and Selling

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $324.81, for a total value of $308,569.50. Following the completion of the sale, the insider directly owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. This represents a 40.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.10% of the company’s stock.

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.