Credit Agricole S A Has $13.45 Million Stock Holdings in Public Storage $PSA

Credit Agricole S A lifted its holdings in Public Storage (NYSE:PSA) by 7.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 44,935 shares of the real estate investment trust’s stock after purchasing an additional 3,154 shares during the quarter. Credit Agricole S A’s holdings in Public Storage were worth $13,449,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PSA. First Trust Advisors LP grew its position in shares of Public Storage by 15.6% in the 4th quarter. First Trust Advisors LP now owns 209,327 shares of the real estate investment trust’s stock valued at $62,681,000 after purchasing an additional 28,241 shares during the period. MML Investors Services LLC lifted its stake in Public Storage by 2.9% in the 4th quarter. MML Investors Services LLC now owns 21,196 shares of the real estate investment trust’s stock valued at $6,347,000 after acquiring an additional 603 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Public Storage in the 4th quarter valued at approximately $333,000. MGO One Seven LLC lifted its stake in Public Storage by 67.1% in the 4th quarter. MGO One Seven LLC now owns 2,459 shares of the real estate investment trust’s stock valued at $736,000 after acquiring an additional 987 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Public Storage by 6.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 13,608 shares of the real estate investment trust’s stock valued at $4,075,000 after acquiring an additional 881 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Stock Down 0.1%

PSA stock opened at $287.0050 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $50.36 billion, a PE ratio of 31.30, a PEG ratio of 4.77 and a beta of 0.86. Public Storage has a 1-year low of $256.60 and a 1-year high of $369.99. The business’s 50 day simple moving average is $287.98 and its 200 day simple moving average is $294.63.

Public Storage (NYSE:PSA) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.05. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Public Storage had a return on equity of 34.06% and a net margin of 38.13%.The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.23 EPS. Public Storage has set its FY 2025 guidance at 16.450-17.00 EPS. As a group, research analysts anticipate that Public Storage will post 16.7 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PSA shares. BNP Paribas Exane started coverage on Public Storage in a research note on Tuesday, June 24th. They issued an “outperform” rating and a $331.00 target price on the stock. Scotiabank upped their price objective on Public Storage from $305.00 to $340.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 12th. Evercore ISI upped their price objective on Public Storage from $308.00 to $309.00 and gave the stock an “in-line” rating in a research note on Monday, August 4th. BNP Paribas upgraded Public Storage to a “strong-buy” rating in a research note on Tuesday, June 24th. Finally, Barclays dropped their price objective on Public Storage from $351.00 to $349.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Public Storage presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.43.

Public Storage Profile

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.