HighTower Advisors LLC increased its stake in Public Storage (NYSE:PSA – Free Report) by 0.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 369,203 shares of the real estate investment trust’s stock after buying an additional 1,699 shares during the quarter. HighTower Advisors LLC owned about 0.21% of Public Storage worth $106,645,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Public Storage by 0.4% in the second quarter. Vanguard Group Inc. now owns 20,815,476 shares of the real estate investment trust’s stock valued at $6,107,677,000 after acquiring an additional 79,580 shares in the last quarter. State Street Corp increased its stake in Public Storage by 1.2% during the 2nd quarter. State Street Corp now owns 10,613,807 shares of the real estate investment trust’s stock worth $3,114,303,000 after buying an additional 126,113 shares during the period. Norges Bank acquired a new position in Public Storage in the 2nd quarter worth $1,153,971,000. JPMorgan Chase & Co. boosted its position in Public Storage by 3.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,157,067 shares of the real estate investment trust’s stock valued at $926,357,000 after buying an additional 103,965 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Public Storage by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,924,395 shares of the real estate investment trust’s stock valued at $857,674,000 after acquiring an additional 87,918 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.
Public Storage Stock Up 2.8%
PSA stock opened at $300.55 on Monday. The firm has a market cap of $52.73 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 10.24 and a beta of 1.01. Public Storage has a 1-year low of $256.54 and a 1-year high of $322.49. The firm has a fifty day moving average price of $275.29 and a two-hundred day moving average price of $281.95. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.75 and a quick ratio of 0.75.
Key Public Storage News
- Positive Sentiment: Q4 results beat estimates: Core FFO and revenue topped consensus, with FFO roughly $4.26/sh and revenue up year‑over‑year — confirming solid operating performance. Public Storage Beats Q4 FFO & Revenue Estimates, Unveils Initiatives
- Positive Sentiment: Aggressive FY‑2026 guidance: Management raised full‑year earnings guidance well above Street estimates (FY2026 EPS guidance materially > consensus), increasing earnings visibility and supporting valuation. Public Storage Reports Fourth Quarter and Full Year 2025 Results
- Positive Sentiment: PS4.0 strategic launch and leadership update: The company unveiled “PS4.0” — a multi‑year plan aimed at accelerating growth, value creation and a leadership transition framed as generational continuity, which investors view as constructive for long‑term growth. Public Storage Announces PS4.0™ — A New Era of Leadership, Growth and Value Creation
- Neutral Sentiment: Quarterly detail: EPS and margins were strong (high net margin and ROE; EPS beat by a small amount vs. estimates), and the company posted its investor slide deck — useful for modeling but incremental vs. headline beats. Public Storage: Q4 Earnings Materials
- Negative Sentiment: Near‑term growth uncertainty: Management flagged mixed same‑store trends and noted expansion initiatives that could require execution and capital allocation risks — a potential drag if same‑store momentum softens or expansion costs climb. Public Storage Beats Q4 FFO & Revenue Estimates, Unveils Initiatives
Analysts Set New Price Targets
Several research analysts recently commented on the company. Wall Street Zen cut Public Storage from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $301.00 target price (down from $316.00) on shares of Public Storage in a research note on Thursday, December 18th. Truist Financial lifted their price target on shares of Public Storage from $315.00 to $317.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. BMO Capital Markets reduced their price objective on shares of Public Storage from $320.00 to $305.00 and set a “market perform” rating on the stock in a research note on Monday, December 22nd. Finally, Barclays set a $331.00 target price on shares of Public Storage in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Public Storage currently has an average rating of “Hold” and an average target price of $306.63.
Read Our Latest Stock Report on Public Storage
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.
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