Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 23,320 Shares of Public Storage $PSA

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Public Storage (NYSE:PSA) by 57.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 63,712 shares of the real estate investment trust’s stock after purchasing an additional 23,320 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Public Storage were worth $17,258,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Bayban bought a new stake in shares of Public Storage in the 4th quarter worth approximately $26,000. Harvest Fund Management Co. Ltd bought a new position in Public Storage during the third quarter valued at $27,000. Wealth Watch Advisors INC bought a new position in Public Storage during the third quarter valued at $34,000. Raiffeisen Bank International AG grew its holdings in Public Storage by 35.2% during the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 37 shares during the period. Finally, Knuff & Co LLC purchased a new stake in Public Storage in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PSA shares. Royal Bank Of Canada boosted 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. Citigroup increased their price target on Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. JPMorgan Chase & Co. lifted their price objective on Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Scotiabank boosted their price objective on Public Storage from $340.00 to $342.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 18th. Finally, Jefferies Financial Group upped their price objective on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $324.68.

Insider Buying and Selling

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the completion of the transaction, the insider owned 1,414 shares in the company, valued at $459,281.34. This trade represents a 40.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.10% of the stock is currently owned by corporate insiders.

Public Storage Trading Down 0.1%

Shares of PSA stock opened at $329.25 on Friday. The company’s fifty day simple moving average is $310.97 and its two-hundred day simple moving average is $293.88. 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 1 year low of $256.54 and a 1 year high of $331.79. The stock has a market capitalization of $57.80 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 4.43 and a beta of 0.96.

Public Storage (NYSE:PSA) last posted its quarterly earnings results 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 analyst estimates of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, analysts anticipate that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.6%. Public Storage’s dividend payout ratio is 123.84%.

Public Storage 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.