Strs Ohio Raises Stock Position in Public Storage $PSA

Strs Ohio raised its stake in Public Storage (NYSE:PSA) by 5.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 110,455 shares of the real estate investment trust’s stock after buying an additional 5,759 shares during the quarter. Strs Ohio’s holdings in Public Storage were worth $28,663,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PSA. First Pacific Financial purchased a new position in Public Storage in the third quarter valued at about $26,000. Harvest Fund Management Co. Ltd purchased a new position in Public Storage in the third quarter valued at about $27,000. Raiffeisen Bank International AG purchased a new position in Public Storage in the third quarter valued at about $30,000. Tradewinds Capital Management LLC purchased a new position in Public Storage in the third quarter valued at about $33,000. Finally, Wealth Watch Advisors INC purchased a new position in Public Storage in the third quarter valued at about $34,000. 78.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America cut shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a report on Thursday, February 5th. William Blair set a $305.00 target price on shares of Public Storage in a report on Monday, March 16th. Royal Bank Of Canada increased their target price on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday. Jefferies Financial Group dropped their target price on shares of Public Storage from $345.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $309.00.

Public Storage Stock Down 0.2%

PSA stock opened at $301.89 on Friday. The company’s 50 day simple moving average is $293.63 and its 200-day simple moving average is $284.52. The firm has a market capitalization of $53.00 billion, a PE ratio of 31.15, a P/E/G ratio of 4.02 and a beta of 1.00. Public Storage has a 12 month low of $256.54 and a 12 month high of $313.51. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.75.

Public Storage (NYSE:PSA) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $4.12 earnings per share. Public Storage’s 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. Equities analysts expect that Public Storage will post 16.88 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $3.00 per share. The ex-dividend date was Monday, March 16th. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. Public Storage’s dividend payout ratio (DPR) is 123.84%.

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.