Nykredit A S Invests $17.38 Million in Public Storage $PSA

Nykredit A S acquired a new position in shares of Public Storage (NYSE:PSA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 54,596 shares of the real estate investment trust’s stock, valued at approximately $17,378,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bayban acquired a new position in Public Storage during the 4th quarter worth approximately $26,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Public Storage in the third quarter worth $27,000. Bruce G. Allen Investments LLC lifted its position in shares of Public Storage by 89.6% in the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 43 shares in the last quarter. Wealth Watch Advisors INC acquired a new position in Public Storage during the third quarter worth $34,000. Finally, Meeder Asset Management Inc. bought a new position in Public Storage in the second quarter valued at $36,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Trading Down 1.3%

Public Storage stock opened at $301.83 on Friday. Public Storage has a 52 week low of $256.54 and a 52 week high of $335.55. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $53.01 billion, a P/E ratio of 28.80, a PEG ratio of 4.16 and a beta of 0.95. The stock has a 50-day simple moving average of $320.62 and a 200 day simple moving average of $307.81.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company earned $4.28 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Analysts expect that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio is 114.50%.

Wall Street Analyst Weigh In

PSA has been the topic of several analyst reports. Weiss Ratings raised shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Royal Bank Of Canada raised their price objective on Public Storage from $305.00 to $318.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Raymond James Financial began coverage on Public Storage in a report on Thursday, July 16th. They set a “market perform” rating on the stock. Jefferies Financial Group raised their price target on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Citigroup upped their price objective on Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $327.00.

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.10% of the company’s stock.

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.