Public Storage $PSA Shares Sold by Cornerstone Planning Group LLC

Key Points

• Cornerstone Planning Group LLC cut its stake in Public Storage (PSA) by 99.2% in Q4, selling 11,673 shares and retaining just 99 shares worth about $27,000.
• Major institutions increased holdings—most notably Vanguard to 25.34M shares ($6.58B)—and institutional investors now own roughly 78.79% of PSA stock.
• Public Storage beat Q results (EPS $2.71 vs. $2.42), set FY2026 guidance of 16.35–17.00 EPS, and pays a $3.00 quarterly dividend (4.1% yield) with a payout ratio of about 123.8%.

Cornerstone Planning Group LLC decreased its position in shares of Public Storage (NYSE:PSA - Free Report) by 99.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99 shares of the real estate investment trust's stock after selling 11,673 shares during the quarter. Cornerstone Planning Group LLC's holdings in Public Storage were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PSA. Vanguard Group Inc. raised its stake in shares of 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 valued at $6,576,534,000 after buying an additional 2,274,397 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Public Storage by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust's stock worth $963,177,000 after buying an additional 177,421 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Public Storage by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust's stock worth $633,796,000 after buying an additional 49,996 shares during the last quarter. APG Asset Management US Inc. boosted its stake in shares of 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 buying an additional 14,367 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Public Storage by 5.2% in the third 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. Institutional investors and hedge funds own 78.79% of the company's stock.

Public Storage Stock Down 2.0%

NYSE PSA opened at $295.54 on Tuesday. The business has a fifty day moving average price of $293.63 and a 200 day moving average price of $284.39. Public Storage has a one year low of $256.54 and a one year high of $313.51. 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 company has a market cap of $51.88 billion, a P/E ratio of 30.50, a P/E/G ratio of 4.02 and a beta of 1.00.

Public Storage (NYSE:PSA - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned $4.12 EPS. The firm's revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts anticipate that Public Storage will post 16.88 EPS for the current fiscal year.

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 16th. Public Storage's dividend payout ratio is currently 123.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore set a $306.00 price target on Public Storage in a report on Monday. Barclays boosted their price target on Public Storage from $347.00 to $352.00 and gave the company 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. Bank of America downgraded Public Storage from a "buy" rating to a "neutral" rating and set a $310.00 price target for the company. in a report on Thursday, February 5th. Finally, UBS Group decreased their price target on Public Storage from $293.00 to $276.00 and set a "neutral" rating for the company in a report on Thursday, January 8th. Two equities research 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $308.83.

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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