Sei Investments Co. Buys 1,718 Shares of Public Storage $PSA

Sei Investments Co. increased its stake in shares of Public Storage (NYSE:PSA) by 0.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 294,808 shares of the real estate investment trust’s stock after purchasing an additional 1,718 shares during the quarter. Sei Investments Co. owned 0.17% of Public Storage worth $79,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PSA. Bayban purchased a new position in shares of Public Storage during the 4th quarter worth about $26,000. Harvest Fund Management Co. Ltd purchased a new stake in Public Storage in the 3rd quarter worth about $27,000. Wealth Watch Advisors INC bought a new stake in Public Storage in the third quarter worth about $34,000. Raiffeisen Bank International AG boosted its position in shares of Public Storage by 35.2% during the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 37 shares during the period. Finally, Knuff & Co LLC purchased a new position in shares of Public Storage during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PSA shares. BNP Paribas Exane upped their target price on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Royal Bank Of Canada boosted their price objective on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Truist Financial upped their price objective on Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Mizuho increased their target price on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. lifted their target price on Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $325.37.

Public Storage Stock Performance

Shares of NYSE:PSA opened at $323.05 on Friday. The firm has a market cap of $56.71 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 4.24 and a beta of 0.96. The firm’s 50 day simple moving average is $315.35 and its 200-day simple moving average is $299.87. Public Storage has a one year low of $256.54 and a one year high of $331.79. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business earned $4.12 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts predict 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 paid a $3.00 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. Public Storage’s dividend payout ratio is 123.84%.

Insiders Place Their Bets

In other Public Storage 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 directly owned 1,414 shares in the company, valued at $459,281.34. This represents a 40.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.10% of the stock is currently owned by company insiders.

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.