Caisse de depot et placement du Quebec Purchases Shares of 205,286 Public Storage $PSA

Caisse de depot et placement du Quebec purchased a new stake in Public Storage (NYSE:PSA) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 205,286 shares of the real estate investment trust’s stock, valued at approximately $65,345,000. Caisse de depot et placement du Quebec owned approximately 0.12% of Public Storage as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Public Storage during the second quarter valued at approximately $5,495,077,000. Norges Bank purchased a new position in Public Storage in the fourth quarter worth $1,163,751,000. Capital International Investors grew its holdings in Public Storage by 821.4% in the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock worth $1,073,032,000 after purchasing an additional 3,686,211 shares during the last quarter. Legal & General Group Plc purchased a new position in Public Storage in the second quarter worth $601,650,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Public Storage during the second quarter worth $558,904,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on PSA shares. Mizuho increased their price objective on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Raymond James Financial started coverage on Public Storage in a research note on Thursday, July 16th. They set a “market perform” rating on the stock. Barclays upped their target price on Public Storage from $349.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. BNP Paribas Exane increased their price target on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $326.16.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.10% of the stock is owned by company insiders.

Public Storage Trading Down 1.9%

NYSE PSA opened at $311.27 on Friday. The company has a fifty day simple moving average of $322.43 and a two-hundred day simple moving average of $307.43. The stock has a market cap of $54.67 billion, a P/E ratio of 29.70, a P/E/G ratio of 3.74 and a beta of 0.96. Public Storage has a 12-month low of $256.54 and a 12-month high of $335.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06.

Public Storage (NYSE:PSA) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm earned $4.28 earnings per share. Public Storage’s revenue for the quarter was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, analysts forecast that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend payout ratio is 114.50%.

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.