Principal Financial Group Inc. Grows Holdings in Public Storage $PSA

Key Points

• Principal Financial Group increased its stake in Public Storage (PSA) by 5.3% in Q4 to 246,002 shares, worth about $63.84 million.
• Public Storage beat Q earnings expectations with $2.71 EPS vs. $2.42 consensus, issued FY2026 guidance of 16.35–17.00 EPS (sell‑side average ~16.89), while revenue was roughly flat year‑over‑year.
• The company declared a quarterly dividend of $3.00 (annualized $12.00, ~3.9% yield) with an ex‑dividend date of June 15, noting a payout ratio of 123.84%.

Principal Financial Group Inc. increased its stake in Public Storage (NYSE:PSA - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,002 shares of the real estate investment trust's stock after buying an additional 12,444 shares during the period. Principal Financial Group Inc. owned about 0.14% of Public Storage worth $63,838,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. National Pension Service increased its stake in Public Storage by 4.2% during the third quarter. National Pension Service now owns 255,300 shares of the real estate investment trust's stock valued at $73,743,000 after purchasing an additional 10,345 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Public Storage by 57.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust's stock worth $1,437,000 after purchasing an additional 1,816 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of Public Storage by 14,992.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust's stock worth $3,400,000 after buying an additional 11,694 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Public Storage by 19.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust's stock valued at $11,766,000 after buying an additional 6,814 shares during the period. Finally, Barclays PLC boosted its holdings 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 buying an additional 291,895 shares during the period. 78.79% of the stock is currently owned by institutional investors.

Public Storage Stock Performance

Shares of PSA opened at $309.31 on Friday. The firm has a market capitalization of $54.30 billion, a PE ratio of 31.92, a P/E/G ratio of 4.22 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The firm has a 50-day moving average price of $293.68 and a 200 day moving average price of $284.41. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51.

Public Storage (NYSE:PSA - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.42 by $0.29. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. Public Storage's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, sell-side analysts anticipate that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

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 given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage's dividend payout ratio is 123.84%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of Public Storage from $352.00 to $349.00 and set an "overweight" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut Public Storage from a "buy" rating to a "hold" rating and set a $285.00 price target on the stock. in a research report on Tuesday, January 20th. Wall Street Zen upgraded Public Storage from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Jefferies Financial Group lowered their price objective on Public Storage from $345.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, April 14th. Finally, Evercore set a $306.00 target price on Public Storage in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $308.67.

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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