Bank Julius Baer & Co. Ltd Zurich Purchases 110,731 Shares of Public Storage $PSA

Bank Julius Baer & Co. Ltd Zurich increased its position in Public Storage (NYSE:PSAFree Report) by 54.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 315,312 shares of the real estate investment trust’s stock after buying an additional 110,731 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Public Storage were worth $82,020,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PSA. Vanguard Group Inc. boosted its stake in shares of Public Storage by 9.9% in 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 period. AQR Capital Management LLC grew its position in shares of Public Storage by 498.7% during the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after purchasing an additional 481,872 shares in the last quarter. Centersquare Investment Management LLC raised its stake in Public Storage by 38.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust’s stock valued at $330,909,000 after purchasing an additional 315,370 shares during the period. Barclays PLC lifted its holdings in Public Storage by 93.8% in the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after purchasing an additional 291,895 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Royal Bank Of Canada boosted their target price on shares of Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Wolfe Research lowered shares of Public Storage from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Jefferies Financial Group lifted their price target on shares of Public Storage from $330.00 to $350.00 in a report on Thursday, May 7th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Public Storage in a research note on Monday, March 16th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $310.83.

Read Our Latest Stock Analysis on PSA

Public Storage Stock Down 2.3%

Shares of PSA opened at $304.08 on Thursday. 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 stock has a market capitalization of $53.38 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 4.25 and a beta of 1.00. Public Storage has a 1 year low of $256.54 and a 1 year high of $313.51. The business’s 50 day simple moving average is $294.03 and its 200-day simple moving average is $284.41.

Public Storage (NYSE:PSAGet Free Report) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm posted $4.12 earnings per share. Public Storage’s revenue for the quarter was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts expect that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 dividend payout ratio (DPR) is presently 123.84%.

Public Storage Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Public Storage (NYSE:PSA)

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