1,649 Shares in Public Storage $PSA Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC purchased a new position in Public Storage (NYSE:PSA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,649 shares of the real estate investment trust’s stock, valued at approximately $525,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bayban purchased a new position in shares of Public Storage during the 4th quarter worth approximately $26,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Public Storage in the third quarter worth approximately $27,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Public Storage by 89.6% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 43 shares during the last quarter. Wealth Watch Advisors INC acquired a new position in Public Storage in the third quarter valued at $34,000. Finally, Raiffeisen Bank International AG lifted its stake 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 valued at $37,000 after purchasing an additional 37 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Public Storage

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

Wall Street Analyst Weigh In

Several research analysts recently commented on PSA shares. Mizuho raised their price target on shares of Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research report on Wednesday, April 29th. Raymond James Financial began coverage on shares of Public Storage in a research note on Thursday, July 16th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets lifted their target price on shares of Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $326.05.

Public Storage Stock Performance

Shares of NYSE:PSA opened at $324.34 on Tuesday. The company has a market cap of $56.96 billion, a P/E ratio of 30.95, a PEG ratio of 3.84 and a beta of 0.96. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. Public Storage has a one year low of $256.54 and a one year high of $335.55. The business’s 50-day simple moving average is $322.41 and its 200 day simple moving average is $305.08.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business earned $4.28 EPS. Public Storage’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, sell-side analysts forecast that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Announces Dividend

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

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.