Canada Pension Plan Investment Board Acquires New Holdings in Public Storage $PSA

Posted by Brian Himes on Aug 27th, 2026

Canada Pension Plan Investment Board bought a new stake in Public Storage (NYSE:PSA – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor bought 302,496 shares of the real estate investment trust’s stock, valued at approximately $96,288,000.

Several other large investors also recently added to or reduced their stakes in PSA. Osterweis Capital Management Inc. bought a new stake in Public Storage in the second quarter worth approximately $6,673,000. Legal & General Group Plc bought a new position in shares of Public Storage during the 2nd quarter valued at $601,650,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Public Storage in the 2nd quarter valued at $31,718,000. Jones Financial Companies Lllp acquired a new stake in shares of Public Storage in the 2nd quarter valued at $114,000. Finally, Trajan Wealth LLC bought a new stake in Public Storage in the second quarter worth $8,167,000. 78.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PSA. Raymond James Financial began coverage on shares of Public Storage in a research report on Thursday, July 16th. They set a “market perform” rating on the stock. Royal Bank Of Canada boosted their price target on Public Storage from $305.00 to $318.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Barclays upped their price target on Public Storage from $349.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Jefferies Financial Group increased their price objective on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research note on Wednesday, April 29th. Seven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $326.16.

Read Our Latest Analysis on PSA

Public Storage Price Performance

NYSE PSA opened at $317.25 on Thursday. Public Storage has a 1 year low of $256.54 and a 1 year high of $335.55. The company has a fifty day simple moving average of $322.57 and a 200 day simple moving average of $307.26. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The company has a market cap of $55.72 billion, a P/E ratio of 30.27, a P/E/G ratio of 3.80 and a beta of 0.96.

Public Storage (NYSE:PSA – Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping the consensus estimate of $2.53 by $1.64. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, sell-side analysts predict that Public Storage will post 16.93 EPS for the current year.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.10% of the company’s stock.

Public Storage 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.