Public Storage $PSA Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Public Storage (NYSE:PSA) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 246,002 shares of the real estate investment trust’s stock after acquiring an additional 12,444 shares during the quarter. Principal Financial Group Inc.’s holdings in Public Storage were worth $63,838,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wolverine Asset Management LLC grew its position in Public Storage by 898.2% in the fourth quarter. Wolverine Asset Management LLC now owns 11,789 shares of the real estate investment trust’s stock worth $3,059,000 after buying an additional 10,608 shares during the last quarter. Sun Financial Inc acquired a new stake in shares of Public Storage during the 4th quarter valued at $281,000. Intact Investment Management Inc. acquired a new stake in shares of Public Storage during the 4th quarter valued at $78,000. Benjamin Edwards Inc. boosted its stake in shares of Public Storage by 278.1% during the 4th quarter. Benjamin Edwards Inc. now owns 12,262 shares of the real estate investment trust’s stock worth $3,182,000 after acquiring an additional 9,019 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Public Storage by 5.5% during the 4th quarter. Strs Ohio now owns 110,455 shares of the real estate investment trust’s stock worth $28,663,000 after acquiring an additional 5,759 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

NYSE PSA opened at $309.31 on Friday. The company has a 50 day simple moving average of $293.68 and a 200-day simple moving average of $284.41. 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 capitalization of $54.30 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 4.22 and a beta of 1.00. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts predict that Public Storage will post 16.89 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. Stockholders of record on Monday, June 15th will be paid a $3.00 dividend. The ex-dividend date of this dividend 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 is 123.84%.

Analyst Upgrades and Downgrades

PSA has been the subject of several analyst reports. Truist Financial upped their target price on Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Jefferies Financial Group cut their price objective on Public Storage from $345.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft lowered shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 price objective for the company. in a research note on Tuesday, January 20th. Finally, UBS Group decreased their target price on shares of Public Storage from $293.00 to $276.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $308.67.

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.