227,857 Shares in Public Storage $PSA Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Public Storage (NYSE:PSA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 227,857 shares of the real estate investment trust’s stock, valued at approximately $72,529,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.13% of Public Storage as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PSA. 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. Nilsine Partners LLC boosted its holdings in shares of Public Storage by 2.9% in the second quarter. Nilsine Partners LLC now owns 1,211 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 34 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in shares of 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 acquiring an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Public Storage by 1.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 37 shares during the period. Finally, Raiffeisen Bank International AG increased its stake 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 acquiring an additional 37 shares during the period. Institutional investors own 78.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays upped their target price on Public Storage from $349.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their price target on Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Citigroup boosted 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. Scotiabank cut their price objective on Public Storage from $346.00 to $343.00 and set a “sector outperform” rating for the company in a report on Wednesday. Finally, Evercore set a $316.00 target price on Public Storage in a research note on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $327.00.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the business’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 document filed with the SEC, which is available through the SEC website. 11.10% of the stock is currently owned by corporate insiders.

Public Storage Stock Down 0.1%

PSA stock opened at $301.83 on Monday. The firm has a market cap of $53.01 billion, a PE ratio of 28.80, a P/E/G ratio of 4.11 and a beta of 0.95. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $320.62 and a 200 day simple moving average of $307.86.

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

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 annualized dividend and a dividend yield of 4.0%. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

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.