Public Storage $PSA Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Public Storage (NYSE:PSA) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,391,561 shares of the real estate investment trust’s stock after purchasing an additional 57,073 shares during the quarter. JPMorgan Chase & Co. owned about 1.93% of Public Storage worth $880,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PSA. Empowered Funds LLC raised its stake in Public Storage by 13.3% in the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock valued at $954,000 after purchasing an additional 373 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Public Storage in the 2nd quarter valued at about $929,000. Nebula Research & Development LLC acquired a new position in Public Storage in the 2nd quarter valued at about $1,113,000. Treasurer of the State of North Carolina raised its stake in Public Storage by 1.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock valued at $21,647,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in Public Storage by 219.8% in the 2nd quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock valued at $14,140,000 after purchasing an additional 33,122 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Stock Up 3.7%

PSA opened at $322.60 on Wednesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $56.63 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 4.24 and a beta of 0.98. The business has a 50-day moving average of $300.07 and a two-hundred day moving average of $287.69. Public Storage has a 12 month low of $256.54 and a 12 month high of $324.56.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, research analysts expect that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. Public Storage’s payout ratio is presently 123.84%.

Wall Street Analyst Weigh In

PSA has been the subject of several analyst reports. William Blair set a $305.00 target price on shares of Public Storage in a research note on Monday, March 16th. BMO Capital Markets restated a “market perform” rating on shares of Public Storage in a report on Monday, March 16th. Jefferies Financial Group lifted their price target on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Royal Bank Of Canada lifted their price target on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Finally, Barclays lowered their price target on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $316.67.

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.