Public Storage $PSA Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Public Storage (NYSE:PSA) by 74.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 158,023 shares of the real estate investment trust’s stock after buying an additional 67,238 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Public Storage were worth $41,007,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in shares of Public Storage by 13.3% during the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 373 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Public Storage during the 2nd quarter worth $929,000. Nebula Research & Development LLC purchased a new position in shares of Public Storage during the 2nd quarter worth $1,113,000. Treasurer of the State of North Carolina lifted its stake in shares of Public Storage by 1.9% during the 2nd 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 purchasing an additional 1,390 shares during the period. Finally, Ieq Capital LLC lifted its stake in shares of Public Storage by 219.8% during the 2nd quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after purchasing an additional 33,122 shares during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Trading Down 0.0%

Shares of PSA opened at $325.83 on Monday. 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 firm has a market capitalization of $57.20 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 4.44 and a beta of 0.98. The stock’s fifty day simple moving average is $303.33 and its 200 day simple moving average is $288.90. Public Storage has a twelve month low of $256.54 and a twelve month high of $331.79.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping 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 quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities research analysts forecast that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is 123.84%.

Wall Street Analyst Weigh In

PSA has been the topic of a number of recent analyst reports. Evercore increased their price target on Public Storage from $306.00 to $317.00 in a research note on Monday, June 8th. Barclays reduced their price target on Public Storage from $352.00 to $349.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. UBS Group increased their price target on Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. The Goldman Sachs Group reissued a “buy” rating and set a $341.00 price target on shares of Public Storage in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada increased their price target on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Public Storage has a consensus rating of “Hold” and an average price target of $319.28.

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.