19,847 Shares in Public Storage $PSA Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Public Storage (NYSE:PSA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,847 shares of the real estate investment trust’s stock, valued at approximately $6,317,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC grew 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 during the period. Gryphon Financial Partners LLC increased its stake in shares of Public Storage by 2.6% in the 1st 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 last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Public Storage by 1.7% in the 4th 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. Raiffeisen Bank International AG raised its position 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 acquiring an additional 37 shares during the period. Finally, Chesapeake Capital Corp IL boosted its stake in Public Storage by 1.3% during the 2nd quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock worth $953,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

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 dated 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 Securities & Exchange Commission, which is available through this link. 11.10% of the stock is owned by corporate insiders.

Public Storage Trading Up 0.8%

Shares of NYSE:PSA opened at $324.95 on Tuesday. The firm has a market cap of $57.07 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 3.80 and a beta of 0.96. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The company’s fifty day simple moving average is $322.42 and its 200 day simple moving average is $306.78. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06.

Public Storage (NYSE:PSA) last announced its 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. The firm had revenue of $1.23 billion during 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 company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, research analysts forecast that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Dividend Announcement

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

Wall Street Analysts Forecast Growth

PSA has been the subject of several recent analyst reports. BNP Paribas Exane upped their target price on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Jefferies Financial Group boosted their price target on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research report on Wednesday, April 29th. Finally, Citigroup raised 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. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.