California State Teachers Retirement System Decreases Stake in Public Storage $PSA

California State Teachers Retirement System cut its stake in shares of Public Storage (NYSE:PSA) by 2.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 253,538 shares of the real estate investment trust’s stock after selling 6,151 shares during the quarter. California State Teachers Retirement System’s holdings in Public Storage were worth $68,678,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PSA. Knights of Columbus Asset Advisors LLC boosted its holdings in Public Storage by 25.3% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock valued at $4,829,000 after purchasing an additional 3,763 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Public Storage by 3.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 289,675 shares of the real estate investment trust’s stock worth $75,171,000 after buying an additional 9,618 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Public Storage by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 246,002 shares of the real estate investment trust’s stock worth $63,838,000 after buying an additional 12,444 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Public Storage by 5.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust’s stock worth $118,576,000 after buying an additional 25,353 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Public Storage by 4.5% during the 4th quarter. Legal & General Group Plc now owns 1,951,779 shares of the real estate investment trust’s stock worth $506,487,000 after buying an additional 83,916 shares during the period. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Public Storage

Here are the key news stories impacting Public Storage this week:

• Positive Sentiment: Public Storage raised its 2026 Core FFO-per-share outlook to $16.75–$17.05, reflecting expected contributions from acquisitions and the completed National Storage Affiliates merger. The range is broadly in line with the $16.94 analyst consensus. Public Storage forecasts 2026 Core FFO
• Positive Sentiment: Second-quarter revenue increased to approximately $1.23 billion, matching estimates, while net income rose to $502.9 million from $361.4 million a year earlier. Public Storage also acquired 20 facilities during the quarter and agreed to purchase Public Storage Canada for about $1.2 billion. Public Storage raises guidance after second-quarter profit
• Positive Sentiment: The completed all-stock merger with National Storage Affiliates expands Public Storage’s platform to more than 4,500 locations and over 327 million square feet, increasing scale and potentially supporting future growth. Public Storage reports second-quarter results and raises guidance
• Neutral Sentiment: Reported EPS was $4.17, above the headline analyst estimate cited by some outlets, but the more relevant REIT measure—Core FFO—was $4.17 per share versus the $4.25 consensus and $4.28 a year earlier. Public Storage second-quarter FFO misses estimates
• Negative Sentiment: Same-store revenue fell 0.6% and same-store net operating income declined 2.2%, signaling continued pressure on rental rates, occupancy, or operating costs in the existing portfolio. Public Storage Q2 FFO misses on same-store NOI decline
• Negative Sentiment: The quarter’s Core FFO missed expectations, and the midpoint of the new annual guidance is slightly below consensus. Investors may therefore view the company’s growth as increasingly dependent on acquisitions and mergers rather than organic same-store performance.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group upped their price target on Public Storage from $314.00 to $326.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Barclays reissued an “equal weight” rating and set a $349.00 price objective on shares of Public Storage in a report on Friday, July 10th. Citigroup boosted their target price on shares of Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Scotiabank upped their target price on shares of Public Storage from $342.00 to $345.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Seven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $325.37.

Public Storage Stock Down 3.7%

Shares of PSA opened at $317.31 on Friday. The company has a market capitalization of $55.70 billion, a P/E ratio of 30.28, a PEG ratio of 4.43 and a beta of 0.96. Public Storage has a one year low of $256.54 and a one year high of $335.55. The business’s 50 day simple moving average is $317.35 and its 200-day simple moving average is $301.67. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 40.84% and a net margin of 41.80%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm posted $4.12 EPS. The business’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Public Storage will post 16.94 EPS for the current fiscal year.

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 15th. Public Storage’s dividend payout ratio is presently 123.84%.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the completion of the sale, the insider directly owned 1,414 shares in the company, valued at approximately $459,281.34. This trade represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 11.10% of the company’s stock.

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.