Public Storage $PSA Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its stake in shares of Public Storage (NYSE:PSA - Free Report) by 278.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,262 shares of the real estate investment trust's stock after buying an additional 9,019 shares during the quarter. Benjamin Edwards Inc.'s holdings in Public Storage were worth $3,182,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in PSA. Vanguard Group Inc. increased its position in shares of 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 worth $6,576,534,000 after acquiring an additional 2,274,397 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 acquiring an additional 177,421 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 valued at $633,796,000 after acquiring an additional 49,996 shares in the last quarter. APG Asset Management US Inc. boosted its holdings in Public Storage by 0.7% in the third 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 lifted its position in shares of Public Storage by 5.2% in 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 buying an additional 96,627 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on PSA. Evercore set a $306.00 price target on Public Storage in a report on Monday. Wolfe Research downgraded Public Storage from an "outperform" rating to a "peer perform" rating in a research note on Monday, January 26th. Jefferies Financial Group cut their price objective on shares of Public Storage from $345.00 to $330.00 and set a "buy" rating on the stock in a research note on Tuesday, April 14th. Scotiabank increased their price objective on shares of Public Storage from $319.00 to $321.00 and gave the company a "sector outperform" rating in a report on Monday, March 23rd. Finally, Wall Street Zen upgraded shares of Public Storage from a "sell" rating to a "hold" rating in a research report on Saturday. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $308.83.

Public Storage Price Performance

PSA stock opened at $298.75 on Wednesday. Public Storage has a one year low of $256.54 and a one year high of $313.51. The firm has a 50-day moving average of $293.51 and a two-hundred day moving average of $284.38. The firm has a market capitalization of $52.45 billion, a PE ratio of 30.83, a P/E/G ratio of 3.94 and a beta of 1.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA - Get Free Report) last released its 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. The business 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%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, analysts forecast that Public Storage will post 16.88 earnings per share for the current year.

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend 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%.

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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