MUFG Securities EMEA plc grew its holdings in shares of Public Storage (NYSE:PSA – Free Report) by 114.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,481 shares of the real estate investment trust’s stock after buying an additional 3,459 shares during the quarter. MUFG Securities EMEA plc’s holdings in Public Storage were worth $1,682,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage during the third quarter valued at about $27,000. Raiffeisen Bank International AG bought a new position in shares of Public Storage during the third quarter valued at about $30,000. Wealth Watch Advisors INC bought a new position in shares of Public Storage during the third quarter valued at about $34,000. Knuff & Co LLC bought a new position in shares of Public Storage during the fourth quarter valued at about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Public Storage by 2,940.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 147 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $341.00 price target on shares of Public Storage in a research report on Wednesday, April 29th. William Blair set a $305.00 price target on shares of Public Storage in a research report on Monday, March 16th. Evercore set a $306.00 price target on shares of Public Storage in a research report on Monday, May 4th. Bank of America lowered shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price target on the stock. in a research report on Thursday, February 5th. Finally, UBS Group raised their price target on shares of Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $316.06.
Public Storage Stock Performance
Shares of PSA stock opened at $298.76 on Wednesday. The firm has a market cap of $52.45 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 4.04 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51. The firm’s 50-day simple moving average is $295.18 and its two-hundred day simple moving average is $286.13.
Public Storage (NYSE:PSA – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS 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 analyst estimates of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts forecast that Public Storage will post 16.9 earnings per share for the current year.
Public Storage Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 4.0%. Public Storage’s payout ratio is currently 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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