Oregon Public Employees Retirement Fund Has $5.21 Million Stock Position in Public Storage $PSA

Oregon Public Employees Retirement Fund boosted its holdings in Public Storage (NYSE:PSA) by 32.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,045 shares of the real estate investment trust’s stock after purchasing an additional 4,420 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Public Storage were worth $5,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Public Storage in the second quarter worth $25,000. Harbor Asset Planning Inc. bought a new stake in Public Storage in the 2nd quarter valued at $25,000. First Pacific Financial bought a new stake in Public Storage in the 3rd quarter valued at $26,000. Asset Dedication LLC grew its position in Public Storage by 111.1% in the 2nd quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Finally, NewSquare Capital LLC increased its holdings in shares of Public Storage by 60.6% during the 2nd quarter. NewSquare Capital LLC now owns 106 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 40 shares during the period. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PSA shares. Raymond James Financial reduced their target price on shares of Public Storage from $350.00 to $330.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 18th. Mizuho cut their price target on Public Storage from $310.00 to $285.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Public Storage from a “hold” rating to a “buy” rating and set a $325.00 price objective for the company in a research report on Monday, October 13th. Wall Street Zen cut Public Storage from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wells Fargo & Company upped their target price on Public Storage from $320.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Public Storage presently has an average rating of “Moderate Buy” and an average price target of $316.67.

Public Storage Trading Up 2.6%

PSA stock opened at $278.18 on Friday. Public Storage has a 1-year low of $256.54 and a 1-year high of $322.49. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.99. The business’s 50 day moving average is $269.29 and its 200-day moving average is $282.76. The firm has a market cap of $48.81 billion, a P/E ratio of 28.89, a P/E/G ratio of 5.82 and a beta of 1.01.

Public Storage (NYSE:PSA) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, topping the consensus estimate of $4.24 by $0.07. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. Public Storage had a return on equity of 36.09% and a net margin of 39.53%.Public Storage’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $4.20 EPS. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. Equities analysts anticipate that Public Storage will post 16.7 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, December 15th. Public Storage’s payout ratio is currently 124.61%.

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.