Cullen Frost Bankers Inc. Acquires 5,042 Shares of Public Storage $PSA

Posted by Brian Himes on May 21st, 2026

Cullen Frost Bankers Inc. grew its holdings in Public Storage (NYSE:PSA – Free Report) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,907 shares of the real estate investment trust’s stock after purchasing an additional 5,042 shares during the period. Cullen Frost Bankers Inc.’s holdings in Public Storage were worth $10,356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PSA. Vanguard Group Inc. increased its holdings in shares of Public Storage by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after purchasing an additional 2,274,397 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Public Storage by 498.7% in the 2nd 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 increased its holdings in shares of Public Storage by 38.0% in the 3rd quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust’s stock worth $330,909,000 after purchasing an additional 315,370 shares in the last quarter. Barclays PLC increased its holdings in shares of 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. increased its holdings in shares of 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. Institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

Shares of Public Storage stock opened at $302.83 on Thursday. The stock’s 50-day simple moving average is $293.10 and its 200-day simple moving average is $284.56. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51. The company has a market capitalization of $53.16 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 4.06 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA – Get Free Report) last issued its 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. 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 for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $4.12 earnings per share. The business’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. As a group, analysts expect that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s payout ratio is 123.84%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Scotiabank lifted their target price on Public Storage from $321.00 to $340.00 in a report on Monday, May 11th. Jefferies Financial Group lifted their price objective on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday. Wolfe Research lowered Public Storage from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. UBS Group lifted their price objective on Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $313.22.

Check Out Our Latest Analysis on PSA

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.

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

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