26,074 Shares in Public Storage $PSA Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in Public Storage (NYSE:PSA) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 26,074 shares of the real estate investment trust’s stock, valued at approximately $7,063,000.

Other institutional investors have also made changes to their positions in the company. Bayban acquired a new position in shares of Public Storage in the 4th quarter worth approximately $26,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Public Storage during the third quarter worth $27,000. Wealth Watch Advisors INC purchased a new position in shares of Public Storage during the third quarter worth $34,000. 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 valued at $37,000 after buying an additional 37 shares in the last quarter. Finally, Knuff & Co LLC purchased a new stake in shares of Public Storage in the 4th quarter valued at $38,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Public Storage

In related news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $324.81, for a total transaction of $308,569.50. Following the transaction, the insider owned 1,414 shares in the company, valued at $459,281.34. This trade represents a 40.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 11.10% of the company’s stock.

Public Storage Stock Up 0.4%

NYSE:PSA traded up $1.24 during trading hours on Friday, hitting $320.59. The company’s stock had a trading volume of 628,597 shares, compared to its average volume of 872,886. The stock has a market capitalization of $56.28 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 4.31 and a beta of 0.96. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The stock has a fifty day moving average of $312.92 and a 200-day moving average of $295.87. Public Storage has a 52-week low of $256.54 and a 52-week high of $331.79.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, equities analysts forecast that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, June 15th. Public Storage’s dividend payout ratio is currently 123.84%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PSA shares. Evercore set a $316.00 target price on Public Storage in a research report on Monday, July 6th. William Blair set a $305.00 target price on shares of Public Storage in a research note on Monday, March 16th. Weiss Ratings upgraded shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Citigroup raised their price target 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, Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $325.37.

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.