Fjarde AP Fonden Fourth Swedish National Pension Fund Invests $10.48 Million in Public Storage $PSA

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Public Storage (NYSE:PSA) in the fourth quarter, Holdings Channel.com reports. The firm acquired 40,392 shares of the real estate investment trust’s stock, valued at approximately $10,482,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PSA. Vanguard Group Inc. lifted its stake 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 valued at $6,576,534,000 after acquiring an additional 2,274,397 shares during the last quarter. Norges Bank bought a new stake in shares of Public Storage in the 4th quarter valued at about $1,163,751,000. Geode Capital Management LLC lifted its stake in shares of Public Storage by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 4,089,143 shares of the real estate investment trust’s stock valued at $1,056,976,000 after acquiring an additional 66,445 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 valued at $963,177,000 after acquiring an additional 177,421 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Public Storage by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,194,212 shares of the real estate investment trust’s stock valued at $633,796,000 after acquiring an additional 49,996 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Public Storage Price Performance

NYSE PSA opened at $309.98 on Friday. The business’s fifty day moving average price is $298.08 and its 200-day moving average price is $286.89. The stock has a market capitalization of $54.42 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 4.22 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. Public Storage has a 1-year low of $256.54 and a 1-year high of $313.51.

Public Storage (NYSE:PSA) last released its quarterly 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. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities analysts predict that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage’s payout ratio is 123.84%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PSA. Scotiabank boosted their target price on Public Storage from $321.00 to $340.00 in a research note on Monday, May 11th. William Blair set a $305.00 target price on Public Storage in a research note on Monday, March 16th. JPMorgan Chase & Co. lowered their target price on Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. Mizuho boosted their target price on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Finally, BNP Paribas Exane boosted their target price on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Public Storage has an average rating of “Hold” and a consensus target price of $316.06.

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.