Metis Global Partners LLC Boosts Holdings in Public Storage $PSA

Metis Global Partners LLC increased its holdings in Public Storage (NYSE:PSA) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,381 shares of the real estate investment trust’s stock after buying an additional 1,724 shares during the quarter. Metis Global Partners LLC’s holdings in Public Storage were worth $10,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSA. Norges Bank purchased a new position in shares of Public Storage in the fourth quarter worth approximately $1,163,751,000. Capital International Investors boosted its holdings in shares of Public Storage by 821.4% in the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock worth $1,073,032,000 after buying an additional 3,686,211 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Public Storage by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after buying an additional 2,274,397 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Public Storage by 498.7% in the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after buying an additional 481,872 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Public Storage by 38.0% in the third quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust’s stock worth $330,909,000 after buying an additional 315,370 shares during the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

Shares of Public Storage stock opened at $324.73 on Thursday. The stock’s 50-day simple moving average is $301.26 and its 200-day simple moving average is $288.11. Public Storage has a 52 week low of $256.54 and a 52 week high of $331.79. The company has a market capitalization of $57.01 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 4.40 and a beta of 0.98. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02.

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

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s payout ratio is presently 123.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PSA shares. Evercore raised their price objective on shares of Public Storage from $306.00 to $317.00 in a report on Monday. Jefferies Financial Group raised their target price on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Scotiabank raised their target price on shares of Public Storage from $321.00 to $340.00 in a research note on Monday, May 11th. UBS Group raised their target price on shares of Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $316.67.

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.