Pacer Advisors Inc. Acquires 2,999 Shares of Public Storage $PSA

Pacer Advisors Inc. boosted its holdings in Public Storage (NYSE:PSA) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 76,832 shares of the real estate investment trust’s stock after purchasing an additional 2,999 shares during the period. Pacer Advisors Inc.’s holdings in Public Storage were worth $19,938,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PSA. Knights of Columbus Asset Advisors LLC lifted its position in Public Storage by 25.3% in 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 during the last quarter. Barclays PLC grew its holdings in shares of Public Storage by 93.8% in the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after purchasing an additional 291,895 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of Public Storage by 777.1% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,605 shares of the real estate investment trust’s stock worth $752,000 after purchasing an additional 2,308 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Public Storage by 5.8% in the fourth 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 purchasing an additional 25,353 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Public Storage by 5.3% in the fourth 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 during the period. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were 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 of the company’s stock, valued at approximately $459,281.34. This trade represents a 40.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

PSA has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. BMO Capital Markets raised their price target on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a report on Monday, June 15th. Citigroup boosted their price objective on shares of Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore upped their price objective on shares of Public Storage from $306.00 to $317.00 in a research note on Monday, June 8th. Finally, Barclays dropped their target price on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Public Storage presently has an average rating of “Hold” and a consensus target price of $323.53.

Public Storage Price Performance

PSA opened at $318.12 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $55.85 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 4.33 and a beta of 0.98. The stock’s 50 day moving average price is $306.88 and its 200-day moving average price is $290.33. Public Storage has a 52-week low of $256.54 and a 52-week high of $331.79.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities research analysts predict that Public Storage will post 16.94 EPS for the current year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.8%. Public Storage’s dividend payout ratio is 123.84%.

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.