Fuller & Thaler Asset Management Inc. Has $4.08 Million Stake in Public Storage (NYSE:PSA)

Fuller & Thaler Asset Management Inc. grew its holdings in Public Storage (NYSE:PSA - Free Report) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,608 shares of the real estate investment trust's stock after purchasing an additional 881 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Public Storage were worth $4,075,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Quent Capital LLC boosted its stake in shares of Public Storage by 135.1% during the 4th quarter. Quent Capital LLC now owns 87 shares of the real estate investment trust's stock worth $26,000 after buying an additional 50 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Public Storage during the fourth quarter worth about $32,000. Synergy Asset Management LLC acquired a new position in Public Storage during the fourth quarter valued at approximately $38,000. Millstone Evans Group LLC bought a new position in Public Storage in the fourth quarter valued at approximately $38,000. Finally, Bridge Generations Wealth Management LLC acquired a new position in shares of Public Storage during the 4th quarter worth approximately $56,000. Institutional investors own 78.79% of the company's stock.

Wall Street Analyst Weigh In

PSA has been the topic of several analyst reports. Scotiabank raised shares of Public Storage from a "sector perform" rating to a "sector outperform" rating and dropped their price target for the stock from $333.00 to $305.00 in a research report on Wednesday, April 9th. Barclays reaffirmed an "overweight" rating and issued a $354.00 target price (down from $361.00) on shares of Public Storage in a report on Wednesday, March 12th. Bank of America upgraded Public Storage from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $349.00 to $368.00 in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on Public Storage from $365.00 to $330.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Finally, Royal Bank of Canada reduced their target price on Public Storage from $342.00 to $329.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $336.25.

Public Storage Stock Performance

Shares of NYSE:PSA traded up $1.26 on Tuesday, reaching $293.37. 621,322 shares of the company's stock were exchanged, compared to its average volume of 738,530. Public Storage has a twelve month low of $256.31 and a twelve month high of $369.99. The company has a fifty day moving average of $295.22 and a 200-day moving average of $309.08. The company has a market capitalization of $51.46 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 4.91 and a beta of 0.76. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.77.

Public Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 13th were given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, March 13th. Public Storage's dividend payout ratio is currently 112.89%.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.