Public Storage $PSA Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in shares of Public Storage (NYSE:PSA) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 272,171 shares of the real estate investment trust’s stock after selling 49,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.16% of Public Storage worth $70,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage during the 3rd quarter valued at about $27,000. Raiffeisen Bank International AG acquired a new position in shares of Public Storage during the 3rd quarter valued at about $30,000. Wealth Watch Advisors INC purchased a new stake in shares of Public Storage during the 3rd quarter worth about $34,000. Quent Capital LLC purchased a new stake in shares of Public Storage during the 3rd quarter worth about $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Public Storage by 2,940.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Stock Performance

Public Storage stock opened at $311.26 on Wednesday. The stock has a market cap of $54.64 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 4.25 and a beta of 1.00. 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 50 day moving average of $294.17 and a 200-day moving average of $284.43. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51.

Public Storage (NYSE:PSA) last posted 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 for the quarter, compared to analyst estimates of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, analysts expect that Public Storage will post 16.89 EPS for the current fiscal year.

Public Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s dividend payout ratio is currently 123.84%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PSA shares. William Blair set a $305.00 target price on Public Storage in a report on Monday, March 16th. The Goldman Sachs Group reiterated a “buy” rating and set a $341.00 target price on shares of Public Storage in a report on Wednesday, April 29th. BMO Capital Markets reiterated a “market perform” rating on shares of Public Storage in a report on Monday, March 16th. Wells Fargo & Company cut Public Storage from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $330.00 to $295.00 in a report on Thursday, February 5th. Finally, Bank of America cut Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $310.83.

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.