Eurizon Capital SGR S.p.A. Makes New $4.43 Million Investment in Public Storage $PSA

Eurizon Capital SGR S.p.A. acquired a new position in shares of Public Storage (NYSE:PSA) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 17,075 shares of the real estate investment trust’s stock, valued at approximately $4,433,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Public Storage by 9.9% during 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 purchasing an additional 2,274,397 shares in the last quarter. Geode Capital Management LLC raised its holdings in Public Storage by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,089,143 shares of the real estate investment trust’s stock worth $1,056,976,000 after purchasing an additional 66,445 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Public Storage by 5.6% during the third 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. Dimensional Fund Advisors LP raised its holdings in Public Storage by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust’s stock worth $633,796,000 after purchasing an additional 49,996 shares in the last quarter. Finally, APG Asset Management US Inc. raised its holdings in Public Storage by 0.7% during the third quarter. APG Asset Management US Inc. now owns 2,184,979 shares of the real estate investment trust’s stock worth $635,130,000 after purchasing an additional 14,367 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

PSA has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price objective on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Scotiabank raised their target price on shares of Public Storage from $321.00 to $340.00 in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Bank of America lowered shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price on the stock. in a research report on Thursday, February 5th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Public Storage in a research report on Monday, March 16th. One 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $316.06.

Public Storage Stock Performance

NYSE:PSA opened at $296.30 on Tuesday. The firm’s fifty day moving average price is $295.18 and its 200 day moving average price is $286.13. Public Storage has a 1-year low of $256.54 and a 1-year high of $313.51. 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 firm has a market cap of $52.01 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 4.14 and a beta of 0.98.

Public Storage (NYSE:PSA) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm posted $4.12 EPS. Public Storage’s quarterly revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, sell-side analysts expect that Public Storage will post 16.9 EPS for the current year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is 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.