North Dakota State Investment Board Takes Position in Public Storage $PSA

North Dakota State Investment Board bought a new stake in shares of Public Storage (NYSE:PSA) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,416 shares of the real estate investment trust’s stock, valued at approximately $1,405,000.

Other large investors have also recently modified their holdings of the company. National Pension Service increased its position in shares of Public Storage by 4.2% during 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. boosted its holdings in Public Storage by 57.5% during 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 acquiring an additional 1,816 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Public Storage by 14,992.3% during 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 acquiring an additional 11,694 shares during the period. Jones Financial Companies Lllp boosted its holdings in Public Storage by 19.9% during 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 acquiring an additional 6,814 shares during the period. Finally, Barclays PLC boosted its holdings in Public Storage by 93.8% during the 3rd quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock valued at $174,165,000 after acquiring an additional 291,895 shares during the period. Institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PSA. The Goldman Sachs Group restated a “buy” rating and set a $341.00 price objective on shares of Public Storage in a report on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. Wells Fargo & Company cut Public Storage from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $330.00 to $295.00 in a report on Thursday, February 5th. Barclays dropped their price objective on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Wolfe Research cut Public Storage from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.94.

Public Storage Trading Up 0.6%

Public Storage stock opened at $297.78 on Wednesday. The stock has a 50-day moving average of $293.18 and a two-hundred day moving average of $284.40. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. Public Storage has a one year low of $256.54 and a one year high of $313.51. The stock has a market cap of $52.28 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 4.04 and a beta of 1.00.

Public Storage (NYSE:PSA) last released its quarterly earnings results 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. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business posted $4.12 earnings per share. The firm’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. On average, research analysts anticipate that Public Storage will post 16.89 EPS for the current fiscal year.

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. Public Storage’s dividend payout ratio (DPR) is 123.84%.

Public Storage 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.