B&I Capital AG Acquires 35,400 Shares of Public Storage $PSA

B&I Capital AG raised its holdings in shares of Public Storage (NYSE:PSA) by 90.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,400 shares of the real estate investment trust’s stock after buying an additional 35,400 shares during the quarter. Public Storage comprises about 6.9% of B&I Capital AG’s portfolio, making the stock its 5th biggest holding. B&I Capital AG’s holdings in Public Storage were worth $20,153,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bayban purchased a new position in shares of Public Storage in the fourth quarter worth about $26,000. Harvest Fund Management Co. Ltd purchased a new stake in Public Storage during the 3rd quarter valued at about $27,000. Wealth Watch Advisors INC purchased a new stake in Public Storage during the 3rd quarter valued at about $34,000. Raiffeisen Bank International AG grew its stake 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 valued at $37,000 after acquiring an additional 37 shares in the last quarter. Finally, Knuff & Co LLC acquired a new stake in Public Storage in the 4th quarter valued at about $38,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $324.81, for a total transaction of $308,569.50. Following the completion of the sale, the insider owned 1,414 shares of the company’s stock, valued at $459,281.34. This trade represents a 40.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PSA. Scotiabank raised their target price on shares of Public Storage from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Evercore set a $316.00 price target on Public Storage in a research report on Monday, July 6th. Mizuho increased their price target on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Truist Financial lifted their price objective on Public Storage from $302.00 to $338.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $341.00 price objective on shares of Public Storage in a research note on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $325.37.

Public Storage Stock Performance

NYSE:PSA opened at $324.37 on Friday. 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 firm has a market capitalization of $56.94 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 4.23 and a beta of 0.96. The company’s 50-day moving average is $314.12 and its two-hundred day moving average is $297.78. Public Storage has a 1-year low of $256.54 and a 1-year high of $331.79.

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

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, June 15th. Public Storage’s dividend payout ratio is presently 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.