Public Storage $PSA Position Increased by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors increased its Public Storage stake by 25.3% in the fourth quarter, bringing its holdings to 18,610 shares valued at about $4.83 million.
• Public Storage posted strong quarterly earnings, reporting $2.71 per share and matching revenue expectations at $1.22 billion, while also guiding FY 2026 EPS to $16.35-$17.00.
• The company declared a quarterly dividend of $3.00 per share, equal to an annualized yield of 3.9%, while analysts currently rate the stock a consensus Hold with an average target price of $316.06.

Knights of Columbus Asset Advisors LLC increased its stake in Public Storage (NYSE:PSA - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,610 shares of the real estate investment trust's stock after purchasing an additional 3,763 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Public Storage were worth $4,829,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Public Storage by 9.9% in 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 last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $963,177,000 after purchasing an additional 177,421 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Public Storage by 2.3% in 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 last quarter. APG Asset Management US Inc. lifted its holdings in shares of Public Storage by 0.7% in 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 last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Public Storage by 4.5% in the 4th quarter. Legal & General Group Plc now owns 1,951,779 shares of the real estate investment trust's stock worth $506,487,000 after purchasing an additional 83,916 shares during the last quarter. Institutional investors own 78.79% of the company's stock.

Public Storage Stock Up 0.8%

Shares of Public Storage stock opened at $307.01 on Thursday. The business's fifty day moving average price is $293.80 and its two-hundred day moving average price is $285.56. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $53.89 billion, a P/E ratio of 31.68, a PEG ratio of 4.16 and a beta of 1.00. Public Storage has a 1-year low of $256.54 and a 1-year 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 for the quarter, beating the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, research analysts forecast that Public Storage will post 16.89 EPS for the current year.

Public Storage Dividend Announcement

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

Wall Street Analysts Forecast Growth

PSA has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Public Storage from $295.00 to $291.00 and set a "neutral" rating on the stock in a report on Monday, March 23rd. William Blair set a $305.00 target price on Public Storage in a research note on Monday, March 16th. Mizuho lifted their target price on Public Storage from $301.00 to $316.00 and gave the company a "neutral" rating in a research note on Wednesday. UBS Group lifted their target price on Public Storage from $276.00 to $314.00 and gave the company a "neutral" rating in a research note on Monday, May 18th. Finally, Scotiabank lifted their target price on Public Storage from $321.00 to $340.00 in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Public Storage has an average rating of "Hold" and an average target price of $316.06.

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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