M&T Bank Corp Purchases 14,971 Shares of Public Storage $PSA

Key Points

• M&T Bank Corp increased its stake in Public Storage by 320.2% in Q4, buying 14,971 shares to hold 19,647 shares valued at about $5.10 million per its SEC filing.
• Several other institutions — including Vanguard, AQR, Centersquare, Barclays and JPMorgan — also added shares, leaving institutional investors with roughly 78.79% ownership of PSA.
• Public Storage beat quarterly EPS estimates ($2.71 vs. $2.42), set FY2026 guidance of 16.35–17.00 EPS, and announced a $3.00 quarterly dividend (annualized $12.00, ~3.9% yield), while analysts' consensus is a Moderate Buy with a $308.83 target.

M&T Bank Corp boosted its position in shares of Public Storage (NYSE:PSA - Free Report) by 320.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,647 shares of the real estate investment trust's stock after buying an additional 14,971 shares during the period. M&T Bank Corp's holdings in Public Storage were worth $5,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSA. Vanguard Group Inc. boosted its stake in Public Storage by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust's stock valued at $6,576,534,000 after buying an additional 2,274,397 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Public Storage by 498.7% in the 2nd quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust's stock valued at $166,970,000 after purchasing an additional 481,872 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Public Storage by 38.0% in the 3rd quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust's stock valued at $330,909,000 after purchasing an additional 315,370 shares during the last quarter. Barclays PLC lifted its stake in shares of Public Storage by 93.8% in the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust's stock valued at $174,165,000 after purchasing an additional 291,895 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Public Storage by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust's stock valued at $963,177,000 after purchasing an additional 177,421 shares during the last quarter. 78.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Truist Financial raised their price objective on Public Storage from $315.00 to $317.00 and gave the company a "buy" rating in a research note on Tuesday, January 20th. UBS Group lowered their price objective on Public Storage from $293.00 to $276.00 and set a "neutral" rating for the company in a research note on Thursday, January 8th. Bank of America lowered Public Storage from a "buy" rating to a "neutral" rating and set a $310.00 price objective for the company. in a research note on Thursday, February 5th. Wolfe Research lowered Public Storage from an "outperform" rating to a "peer perform" rating in a research note on Monday, January 26th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Public Storage in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $308.83.

Public Storage Trading Up 3.5%

Shares of NYSE PSA opened at $309.36 on Thursday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. The business's 50 day moving average price is $293.58 and its 200-day moving average price is $284.40. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $313.51. The company has a market cap of $54.31 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 4.08 and a beta of 1.00.

Public Storage (NYSE:PSA - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $4.12 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, sell-side analysts expect that Public Storage will post 16.89 earnings per share for the current year.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage's dividend payout ratio is currently 123.84%.

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.

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