California Public Employees Retirement System Has $105.74 Million Stock Position in Public Storage $PSA

California Public Employees Retirement System decreased its stake in shares of Public Storage (NYSE:PSA) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,356 shares of the real estate investment trust’s stock after selling 36,202 shares during the period. California Public Employees Retirement System’s holdings in Public Storage were worth $105,740,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Knights of Columbus Asset Advisors LLC raised its position in Public Storage by 25.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock worth $4,829,000 after purchasing an additional 3,763 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Public Storage by 3.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 289,675 shares of the real estate investment trust’s stock valued at $75,171,000 after buying an additional 9,618 shares during the last quarter. Principal Financial Group Inc. boosted its position in Public Storage by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 246,002 shares of the real estate investment trust’s stock valued at $63,838,000 after buying an additional 12,444 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Public Storage by 5.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust’s stock valued at $118,576,000 after buying an additional 25,353 shares during the period. Finally, Swiss Life Asset Management Ltd increased its stake in shares of Public Storage by 16.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 34,448 shares of the real estate investment trust’s stock valued at $9,950,000 after buying an additional 4,762 shares during the period. Institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

Public Storage stock opened at $318.33 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $55.88 billion, a P/E ratio of 32.85, a PEG ratio of 4.28 and a beta of 0.96. The business has a 50-day moving average of $314.27 and a 200-day moving average of $297.92. Public Storage has a 1 year low of $256.54 and a 1 year 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company posted $4.12 EPS. Public Storage’s revenue for the quarter was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities analysts anticipate that Public Storage will post 16.94 EPS for the current year.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $3.00 dividend. The ex-dividend date was Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.8%. Public Storage’s dividend payout ratio (DPR) is 123.84%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PSA. Evercore set a $316.00 price target on Public Storage in a research note on Monday, July 6th. Truist Financial boosted their price objective on Public Storage from $302.00 to $338.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Finally, BNP Paribas Exane boosted their price target on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Public Storage currently has an average rating of “Hold” and a consensus target price of $325.37.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of Public Storage stock in a transaction on Friday, June 12th. The shares were sold at an average price of $324.81, for a total transaction of $308,569.50. Following the transaction, the insider directly owned 1,414 shares of the company’s stock, valued at $459,281.34. This trade represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.10% of the stock is currently owned by corporate insiders.

Public Storage Company 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.