Knights of Columbus Asset Advisors LLC Grows Position in Public Storage $PSA

Knights of Columbus Asset Advisors LLC lifted its position in shares of Public Storage (NYSE:PSA) by 14.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,213 shares of the real estate investment trust’s stock after purchasing an additional 2,603 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Public Storage were worth $6,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bayban bought a new position in Public Storage in the fourth quarter worth $26,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Public Storage during the 3rd quarter valued at $27,000. Wealth Watch Advisors INC bought a new stake in shares of Public Storage during the 3rd quarter valued at $34,000. Raiffeisen Bank International AG grew its position in shares of Public Storage by 35.2% in the 4th 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 period. Finally, Knuff & Co LLC purchased a new stake in shares of Public Storage in the 4th quarter worth about $38,000. 78.79% of the stock is owned by hedge funds and other institutional investors.

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 dated Thursday, August 13th. The shares were sold at an average price of $327.53, for a total transaction of $463,127.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.10% of the company’s stock.

Public Storage Trading Down 0.8%

NYSE PSA opened at $325.99 on Friday. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The stock’s fifty day moving average price is $322.15 and its 200-day moving average price is $304.57. The stock has a market cap of $57.25 billion, a P/E ratio of 31.11, a P/E/G ratio of 3.87 and a beta of 0.96.

Public Storage (NYSE:PSA) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.53 by $1.64. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities analysts forecast that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

Analyst Ratings Changes

PSA has been the subject of a number of recent research reports. Evercore set a $316.00 price target on shares of Public Storage in a research report on Monday, July 6th. BNP Paribas Exane boosted their price objective on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Raymond James Financial initiated coverage on shares of Public Storage in a report on Thursday, July 16th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $326.05.

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.