Public Storage $PSA Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. increased its position in Public Storage (NYSE:PSA) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,993,623 shares of the real estate investment trust’s stock after acquiring an additional 339,882 shares during the quarter. Public Storage accounts for approximately 1.9% of Cohen & Steers Inc.’s holdings, making the stock its 15th largest holding. Cohen & Steers Inc.’s holdings in Public Storage were worth $1,036,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of PSA. Empowered Funds LLC grew its holdings in shares of Public Storage by 13.3% in the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after acquiring an additional 373 shares during the period. Sivia Capital Partners LLC purchased a new stake in Public Storage in the 2nd quarter valued at approximately $929,000. Nebula Research & Development LLC purchased a new stake in Public Storage in the 2nd quarter valued at approximately $1,113,000. Treasurer of the State of North Carolina lifted its stake in Public Storage by 1.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock valued at $21,647,000 after buying an additional 1,390 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Public Storage by 219.8% in the 2nd quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock valued at $14,140,000 after buying an additional 33,122 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Trading Up 0.3%

Shares of PSA opened at $325.83 on Friday. 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 firm has a market capitalization of $57.20 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 4.43 and a beta of 0.98. The stock’s fifty day simple moving average is $303.33 and its 200 day simple moving average is $288.76. Public Storage has a twelve month low of $256.54 and a twelve month high of $331.79.

Public Storage (NYSE:PSA) last announced its quarterly earnings results 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. 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 the consensus estimate of $1.22 billion. During the same period in the prior year, the firm earned $4.12 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities research analysts forecast that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PSA shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 target price on shares of Public Storage in a research note on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. Barclays reduced their price target on Public Storage from $352.00 to $349.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, BNP Paribas Exane increased their price target on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $319.28.

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.