Public Storage $PSA Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its position in shares of Public Storage (NYSE:PSA) by 45.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,291 shares of the real estate investment trust’s stock after acquiring an additional 1,651 shares during the period. Banque Cantonale Vaudoise’s holdings in Public Storage were worth $1,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayban acquired a new position in shares of Public Storage in the 4th quarter valued at about $26,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Public Storage during the 3rd quarter worth about $27,000. Wealth Watch Advisors INC acquired a new stake in Public Storage during the 3rd quarter worth approximately $34,000. Raiffeisen Bank International AG increased its position in Public Storage by 35.2% during the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 37 shares in the last quarter. Finally, Knuff & Co LLC purchased a new position in Public Storage in the fourth quarter valued at approximately $38,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the stock in a transaction dated 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 owned 1,414 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PSA. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research report on Wednesday, April 29th. UBS Group reissued a “neutral” rating on shares of Public Storage in a research note on Monday. Royal Bank Of Canada lifted their target price 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. Finally, Evercore upped their price target on shares of Public Storage from $317.00 to $318.00 in a research report on Tuesday. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $324.68.

Public Storage Stock Up 1.2%

Shares of NYSE:PSA opened at $324.46 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 company has a fifty day simple moving average of $309.20 and a 200 day simple moving average of $291.96. The firm has a market cap of $56.96 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 4.31 and a beta of 0.98. Public Storage has a 12-month low of $256.54 and a 12-month high of $331.79.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company posted $4.12 earnings per share. The firm’s quarterly revenue 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 research analysts anticipate that Public Storage will post 16.94 EPS for the current fiscal year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio is 123.84%.

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.