Fifth Third Bancorp Trims Stock Holdings in Public Storage $PSA

Key Points

• Fifth Third Bancorp trimmed its stake in Public Storage (NYSE: PSA) by 7.3% in Q4, selling 3,659 shares and leaving it with 46,752 shares valued at about $12.13 million.
• Large institutions like Vanguard (+9.9%) and JPMorgan (+5.6%) increased holdings, and hedge funds/institutional investors now own roughly 78.79% of the company.
• Public Storage reported stronger-than-expected quarterly EPS ($2.71 vs. $2.42), set FY2026 guidance of 16.35–17.00 EPS, and pays a $3.00 quarterly dividend (4.0% yield) with a payout ratio of 123.8%.

Fifth Third Bancorp reduced its position in shares of Public Storage (NYSE:PSA - Free Report) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,752 shares of the real estate investment trust's stock after selling 3,659 shares during the quarter. Fifth Third Bancorp's holdings in Public Storage were worth $12,132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Public Storage by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust's stock worth $6,576,534,000 after purchasing an additional 2,274,397 shares during the period. JPMorgan Chase & Co. increased its holdings in Public Storage by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust's stock worth $963,177,000 after purchasing an additional 177,421 shares during the period. Dimensional Fund Advisors LP increased its holdings in Public Storage by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust's stock worth $633,796,000 after purchasing an additional 49,996 shares during the period. APG Asset Management US Inc. increased its holdings in Public Storage by 0.7% during the 3rd quarter. APG Asset Management US Inc. now owns 2,184,979 shares of the real estate investment trust's stock worth $635,130,000 after purchasing an additional 14,367 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Public Storage by 5.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,940,574 shares of the real estate investment trust's stock worth $560,535,000 after purchasing an additional 96,627 shares during the period. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Public Storage Stock Down 0.2%

Shares of NYSE PSA opened at $301.89 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.75 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $53.00 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 4.03 and a beta of 1.00. The stock's fifty day simple moving average is $293.63 and its two-hundred day simple moving average is $284.62. Public Storage has a 12-month low of $256.54 and a 12-month high of $313.51.

Public Storage (NYSE:PSA - Get Free Report) last announced its 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. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations 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 quarter last year, the firm earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, analysts expect that Public Storage will post 16.88 EPS for the current fiscal year.

Public Storage Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank Of Canada raised their price objective on Public Storage from $301.00 to $305.00 and gave the stock a "sector perform" rating in a report on Wednesday. Wall Street Zen upgraded Public Storage from a "sell" rating to a "hold" rating in a report on Saturday. Barclays raised their price objective on Public Storage from $347.00 to $352.00 and gave the stock an "overweight" rating in a report on Monday, April 20th. Wolfe Research downgraded Public Storage from an "outperform" rating to a "peer perform" rating in a report on Monday, January 26th. Finally, UBS Group reduced their price objective on Public Storage from $293.00 to $276.00 and set a "neutral" rating on the stock in a report on Thursday, January 8th. Two 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $309.00.

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.

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