Nathaniel Vitan Sells 950 Shares of Public Storage (NYSE:PSA) Stock

Public Storage (NYSE:PSA) insider Nathaniel Vitan sold 950 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $324.81, for a total value of $308,569.50. Following the sale, the insider directly owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. This trade represents a 40.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Public Storage Stock Up 0.2%

Shares of NYSE PSA traded up $0.75 on Tuesday, hitting $321.73. The company had a trading volume of 181,141 shares, compared to its average volume of 1,122,298. Public Storage has a 12-month low of $256.54 and a 12-month high of $331.79. The business has a 50 day moving average of $304.14 and a two-hundred day moving average of $289.24. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $56.48 billion, a P/E ratio of 33.16, a PEG ratio of 4.44 and a beta of 0.98.

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 company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business earned $4.12 earnings per share. The company’s revenue 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 research analysts forecast that Public Storage will post 16.92 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.7%. Public Storage’s payout ratio is 123.84%.

Institutional Trading of Public Storage

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC raised its position in shares of 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 buying an additional 34 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in Public Storage by 2.6% in the first quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 36 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Public Storage by 1.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock worth $575,000 after acquiring an additional 37 shares in the last quarter. Raiffeisen Bank International AG lifted its position in shares of Public Storage by 35.2% in the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 37 shares during the last quarter. Finally, Doliver Advisors LP lifted its position in shares of Public Storage by 1.0% during the 4th quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock worth $1,071,000 after purchasing an additional 39 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on PSA shares. William Blair set a $305.00 price target on Public Storage in a report on Monday, March 16th. Jefferies Financial Group increased their price target on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. increased their price target on Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of Public Storage in a report on Tuesday. Finally, Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $321.22.

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.