USS Investment Management Ltd Grows Holdings in Public Storage $PSA

USS Investment Management Ltd grew its stake in Public Storage (NYSE:PSA) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,682 shares of the real estate investment trust’s stock after buying an additional 2,733 shares during the period. USS Investment Management Ltd’s holdings in Public Storage were worth $8,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Empowered Funds LLC boosted its stake in shares of 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 in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Public Storage in the 2nd quarter valued at $929,000. Nebula Research & Development LLC purchased a new stake in shares of Public Storage in the 2nd quarter valued at $1,113,000. Treasurer of the State of North Carolina boosted its stake in shares of 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 in the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Stock Down 1.5%

Shares of NYSE PSA opened at $321.18 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a 12 month low of $256.54 and a 12 month high of $331.79. The firm has a market capitalization of $56.38 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 4.44 and a beta of 0.98. The firm has a fifty day simple moving average of $304.14 and a two-hundred day simple moving average of $289.24.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $4.12 EPS. The company’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. Equities analysts expect that Public Storage will post 16.92 earnings per share for the current year.

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PSA shares. UBS Group increased their price target on shares of Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. BMO Capital Markets increased their price target on shares of Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research report on Monday. Weiss Ratings raised shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating and set a $341.00 price target on shares of Public Storage in a research report on Wednesday, April 29th. Finally, William Blair set a $305.00 price target on shares of Public Storage in a research report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $321.22.

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.