National Pension Service Has $73.63 Million Holdings in Public Storage $PSA

National Pension Service boosted its holdings in shares of Public Storage (NYSE:PSA) by 11.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 283,755 shares of the real estate investment trust’s stock after acquiring an additional 28,455 shares during the quarter. National Pension Service’s holdings in Public Storage were worth $73,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PSA. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage in the third quarter valued at approximately $27,000. Raiffeisen Bank International AG acquired a new position in shares of Public Storage in the third quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new position in shares of Public Storage in the third quarter valued at approximately $34,000. Knuff & Co LLC acquired a new position in shares of Public Storage in the fourth quarter valued at approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Public Storage by 2,940.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Trading Down 1.7%

Shares of PSA stock opened at $304.01 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The stock has a market cap of $53.37 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 4.15 and a beta of 1.00. The stock has a 50 day simple moving average of $294.80 and a 200 day simple moving average of $285.91. Public Storage has a 1 year low of $256.54 and a 1 year high of $313.51.

Public Storage (NYSE:PSA) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. The business had revenue of $1.22 billion during 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 firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, research analysts predict that Public Storage will post 16.9 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $3.00 dividend. 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

PSA has been the topic of several research reports. Bank of America downgraded 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. UBS Group upped their target price on Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Royal Bank Of Canada upped their target price on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. 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 report on Thursday, February 5th. Finally, BNP Paribas Exane upped their target price on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $316.06.

About Public Storage

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.