Pacer Advisors Inc. Has $19.94 Million Stake in Public Storage $PSA

Pacer Advisors Inc. increased its stake in shares of Public Storage (NYSE:PSA) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 76,832 shares of the real estate investment trust’s stock after purchasing an additional 2,999 shares during the period. Pacer Advisors Inc.’s holdings in Public Storage were worth $19,938,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage during the 3rd quarter valued at about $27,000. Raiffeisen Bank International AG acquired a new position in shares of Public Storage during the 3rd quarter valued at about $30,000. Wealth Watch Advisors INC acquired a new position in shares of Public Storage during the 3rd quarter valued at about $34,000. Quent Capital LLC acquired a new position in shares of Public Storage during the 3rd quarter valued at about $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Public Storage by 2,940.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Price Performance

Shares of NYSE:PSA opened at $304.08 on Thursday. The business has a 50 day moving average price of $294.03 and a 200 day moving average price of $284.41. Public Storage has a twelve month low of $256.54 and a twelve month high of $313.51. The company has a market cap of $53.38 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 4.25 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) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company earned $4.12 EPS. The firm’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. Research analysts predict that Public Storage will post 16.89 earnings per share for the current year.

Public Storage Dividend Announcement

The company 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 is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. Public Storage’s dividend payout ratio (DPR) is currently 123.84%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PSA shares. William Blair set a $305.00 price objective on Public Storage in a report on Monday, March 16th. Deutsche Bank Aktiengesellschaft lowered Public Storage from a “buy” rating to a “hold” rating and set a $285.00 price objective on the stock. in a report on Tuesday, January 20th. Truist Financial increased their price objective on Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company downgraded Public Storage from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $310.83.

Public Storage 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.