Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires Shares of 2,115 Public Storage $PSA

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Public Storage (NYSE:PSA) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,115 shares of the real estate investment trust’s stock, valued at approximately $549,000.

Other institutional investors have also recently bought and sold shares of the company. National Pension Service raised its position in Public Storage by 4.2% in the 3rd quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock valued at $73,743,000 after purchasing an additional 10,345 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Public Storage by 57.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock valued at $1,437,000 after buying an additional 1,816 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of Public Storage by 14,992.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock valued at $3,400,000 after buying an additional 11,694 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Public Storage by 19.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock valued at $11,766,000 after buying an additional 6,814 shares during the period. Finally, Barclays PLC increased its stake in shares of Public Storage by 93.8% in the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock valued at $174,165,000 after buying an additional 291,895 shares during the period. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Down 0.0%

Shares of Public Storage stock opened at $304.96 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a 12 month low of $256.54 and a 12 month high of $313.51. The business has a fifty day simple moving average of $293.18 and a 200 day simple moving average of $284.88. The stock has a market cap of $53.54 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 4.17 and a beta of 1.00.

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, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm earned $4.12 earnings per share. The firm’s quarterly 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. Research analysts predict that Public Storage will post 16.89 EPS for the current year.

Public Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $3.00 per share. 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 payout ratio is 123.84%.

Wall Street Analysts Forecast Growth

PSA has been the subject of several research reports. Royal Bank Of Canada lifted their target price on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. William Blair set a $305.00 target price on Public Storage in a research note on Monday, March 16th. Jefferies Financial Group lifted their target price on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore set a $306.00 target price on Public Storage in a research note on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $314.33.

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.