Stephens Inc. AR Purchases 2,486 Shares of Public Storage $PSA

Stephens Inc. AR grew its position in Public Storage (NYSE:PSA) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,094 shares of the real estate investment trust’s stock after purchasing an additional 2,486 shares during the quarter. Stephens Inc. AR’s holdings in Public Storage were worth $7,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC lifted its holdings in Public Storage by 2.2% during the 1st quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 34 shares during the last quarter. Capital Financial Group Inc. Co. ADV grew its holdings in Public Storage by 3.0% in the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 3,405 shares of the real estate investment trust’s stock valued at $922,000 after buying an additional 100 shares in the last quarter. HB Wealth Management LLC increased its position in Public Storage by 22.2% during the 1st quarter. HB Wealth Management LLC now owns 2,936 shares of the real estate investment trust’s stock worth $795,000 after buying an additional 533 shares during the period. 4WEALTH Advisors Inc. lifted its holdings in shares of Public Storage by 11.1% during the first quarter. 4WEALTH Advisors Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $345,000 after buying an additional 130 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Public Storage by 82.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 29,011 shares of the real estate investment trust’s stock worth $7,858,000 after buying an additional 13,103 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Price Performance

PSA stock traded up $6.01 during midday trading on Tuesday, reaching $330.01. The company had a trading volume of 99,747 shares, compared to its average volume of 1,109,397. Public Storage has a 1-year low of $256.54 and a 1-year high of $331.79. The stock has a 50 day moving average price of $310.97 and a 200-day moving average price of $294.03. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $57.93 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 4.43 and a beta of 0.96.

Public Storage (NYSE:PSA) last released its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts expect that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $3.00 per share. The ex-dividend date was Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.6%. Public Storage’s dividend payout ratio is presently 123.84%.

Analysts Set New Price Targets

Several equities analysts recently commented on PSA shares. Weiss Ratings upgraded shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Citigroup lifted their price objective on shares of Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Evercore set a $316.00 target price on shares of Public Storage in a research report on Monday. Finally, BNP Paribas Exane raised their target price on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $324.58.

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 stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the transaction, the insider owned 1,414 shares in the company, valued at approximately $459,281.34. This trade represents a 40.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

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.