12,560 Shares in Public Storage $PSA Purchased by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. bought a new stake in shares of Public Storage (NYSE:PSA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,560 shares of the real estate investment trust’s stock, valued at approximately $4,091,000.

Several other large investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC grew its stake in shares of Public Storage by 2.2% in 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 during the last quarter. Gryphon Financial Partners LLC raised its stake in Public Storage by 2.6% during 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 buying an additional 36 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings 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 grew its stake 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 acquiring an additional 37 shares during the last quarter. Finally, Chesapeake Capital Corp IL increased its holdings in shares of Public Storage by 1.3% during the second quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock valued at $953,000 after acquiring an additional 38 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Public Storage Price Performance

Shares of NYSE:PSA opened at $323.27 on Friday. 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 firm has a market cap of $56.77 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 3.83 and a beta of 0.96. The business has a 50-day simple moving average of $322.41 and a two-hundred day simple moving average of $306.11. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55.

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

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s payout ratio is 114.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PSA. Citigroup upped their price target on shares of Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. UBS Group raised their price objective on shares of Public Storage from $314.00 to $326.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Evercore set a $316.00 target price on shares of Public Storage in a report on Monday, July 6th. BNP Paribas Exane upped their target price 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. Finally, Scotiabank raised their price target on shares of Public Storage from $345.00 to $346.00 and gave the company an “outperform” rating in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $326.16.

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.