Vise Technologies Inc. Takes Position in Public Storage $PSA

Vise Technologies Inc. purchased a new stake in shares of Public Storage (NYSE:PSA) during the second quarter, Holdings Channel reports. The institutional investor purchased 2,152 shares of the real estate investment trust’s stock, valued at approximately $685,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Public Storage during the 2nd quarter valued at $4,060,000. MSH Capital Advisors LLC purchased a new stake in shares of Public Storage during the second quarter worth $565,000. Live Oak Investment Partners bought a new position in shares of Public Storage in the second quarter worth $208,000. AssuredPartners Investment Advisors LLC purchased a new position in shares of Public Storage in the second quarter valued at $420,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Public Storage in the second quarter valued at $2,662,000. 78.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on PSA. BNP Paribas Exane boosted their price objective on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Jefferies Financial Group lifted their target price on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. BMO Capital Markets increased their price target on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a report on Monday, June 15th. Citigroup raised their price objective on shares of Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $341.00 price target on shares of Public Storage in a research report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $326.16.

Public Storage Stock Up 0.1%

Shares of NYSE PSA opened at $322.76 on Monday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. Public Storage has a one year low of $256.54 and a one year high of $335.55. The firm’s 50 day simple moving average is $322.35 and its two-hundred day simple moving average is $306.46. The stock has a market capitalization of $56.68 billion, a P/E ratio of 30.80, a PEG ratio of 3.80 and a beta of 0.96.

Public Storage (NYSE:PSA) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, beating 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $4.28 EPS. Public Storage’s revenue for the quarter was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, analysts expect that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Dividend Announcement

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 given a $3.00 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. Public Storage’s payout ratio is presently 114.50%.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.10% of the company’s stock.

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.