Strs Ohio Raises Stock Position in Public Storage $PSA

Key Points

• STRS Ohio raised its stake in Public Storage by 5.5% to 110,455 shares (worth about $28.66M), while institutional investors collectively own roughly 78.8% of the company and large holders like Barclays dramatically increased positions (602,959 shares, +93.8%).
• Public Storage beat quarterly EPS estimates ($2.71 vs. $2.42) with flat revenue, and set FY 2026 guidance of 16.350–17.000 EPS (analysts expect ~16.88 EPS).
• The company pays a $3.00 quarterly dividend ($12.00 annual, ~4.0% yield) with a high payout ratio (123.8%), and analysts hold a consensus "Moderate Buy" rating with an average target of $309 while the stock trades near $302 (P/E ~31).

Strs Ohio increased its holdings in shares of Public Storage (NYSE:PSA - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,455 shares of the real estate investment trust's stock after purchasing an additional 5,759 shares during the period. Strs Ohio owned approximately 0.06% of Public Storage worth $28,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PSA. National Pension Service boosted its stake in Public Storage by 4.2% in 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 acquiring an additional 10,345 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Public Storage by 57.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust's stock valued at $1,437,000 after acquiring an additional 1,816 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in Public Storage by 14,992.3% in the third quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust's stock valued at $3,400,000 after acquiring an additional 11,694 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Public Storage by 19.9% in the third quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust's stock valued at $11,766,000 after acquiring an additional 6,814 shares in the last quarter. Finally, Barclays PLC boosted its stake in Public Storage by 93.8% in the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust's stock valued at $174,165,000 after acquiring an additional 291,895 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. William Blair set a $305.00 price objective on shares of Public Storage in a research note on Monday, March 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Public Storage in a research note on Tuesday, April 21st. Jefferies Financial Group decreased their target price on shares of Public Storage from $345.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, April 14th. Wolfe Research downgraded shares of Public Storage from an "outperform" rating to a "peer perform" rating in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Public Storage from a "buy" rating to a "hold" rating and set a $285.00 target price for the company. in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $309.00.

Public Storage Trading Down 0.2%

NYSE PSA opened at $301.89 on Friday. The stock has a market capitalization of $53.00 billion, a P/E ratio of 31.15, a P/E/G ratio of 4.02 and a beta of 1.00. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51. The firm has a 50-day moving average price of $293.63 and a 200 day moving average price of $284.52. The company has a quick ratio of 0.75, a current ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA - Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts expect that Public Storage will post 16.88 EPS for the current year.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, March 16th. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.