US Bancorp DE Reduces Holdings in Public Storage $PSA

US Bancorp DE reduced its holdings in shares of Public Storage (NYSE:PSA) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,580 shares of the real estate investment trust’s stock after selling 3,151 shares during the quarter. US Bancorp DE’s holdings in Public Storage were worth $8,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PSA. Empowered Funds LLC grew its holdings in shares of Public Storage by 13.3% during the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 373 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Public Storage during the second quarter worth about $929,000. Nebula Research & Development LLC purchased a new stake in shares of Public Storage during the second quarter worth about $1,113,000. Treasurer of the State of North Carolina grew its holdings in shares of Public Storage by 1.9% during the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock worth $21,647,000 after buying an additional 1,390 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Public Storage by 219.8% during the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after buying an additional 33,122 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PSA has been the subject of a number of recent research reports. Bank of America downgraded shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price target for the company. in a report on Thursday, February 5th. Royal Bank Of Canada lifted their price target on shares of Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a report on Wednesday. Barclays lifted their price target on shares of Public Storage from $347.00 to $352.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. BMO Capital Markets reiterated a “market perform” rating on shares of Public Storage in a report on Monday, March 16th. Finally, Wells Fargo & Company downgraded shares of Public Storage from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $330.00 to $295.00 in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $309.00.

Public Storage Price Performance

Public Storage stock opened at $301.89 on Friday. Public Storage has a 1 year low of $256.54 and a 1 year high of $313.51. The firm has a 50 day moving average price of $293.63 and a 200 day moving average price of $284.52. The company has a market cap of $53.00 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 4.02 and a beta of 1.00. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 0.56.

Public Storage (NYSE:PSA) last released its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm earned $4.12 earnings per share. Public Storage’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. Sell-side analysts predict that Public Storage will post 16.88 earnings per share for the current year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, March 16th. Public Storage’s payout ratio is presently 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.