American Century Companies Inc. Reduces Stake in Public Storage

The investment firm sold over 100,000 shares of the real estate investment trust in the third quarter.

Published on Mar. 2, 2026

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American Century Companies Inc. reduced its stake in Public Storage (NYSE: PSA) by 16.1% in the third quarter, according to a recent SEC filing. The firm sold 107,314 shares, leaving it with 559,784 shares worth approximately $161.7 million at the end of the quarter.

Why it matters

Public Storage is one of the largest self-storage real estate investment trusts (REITs) in the United States. Changes in ownership by major institutional investors can signal shifts in market sentiment around the company and the broader self-storage industry.

The details

According to the filing, American Century Companies Inc. sold 107,314 shares of Public Storage during the third quarter, reducing its total stake in the REIT to 559,784 shares. This represents about 0.32% of Public Storage's outstanding shares. The firm cited portfolio rebalancing as the reason for the share sale.

  • The share sale occurred in the third quarter of 2026.

The players

American Century Companies Inc.

A major investment management firm that owns stakes in numerous publicly traded companies.

Public Storage

A real estate investment trust that owns and operates self-storage facilities across the United States.

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The takeaway

This transaction highlights the shifting investment landscape around the self-storage industry, as major institutional investors reevaluate their positions. The changes in ownership could signal broader market trends that Public Storage and its competitors will need to monitor closely.