5,321 Shares in Public Storage $PSA Acquired by Clare Market Investments LLC

Clare Market Investments LLC acquired a new stake in Public Storage (NYSE:PSA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,321 shares of the real estate investment trust’s stock, valued at approximately $1,441,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PSA. Bayban purchased a new stake in shares of Public Storage in the 4th quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Public Storage during the 3rd quarter valued at approximately $27,000. Wealth Watch Advisors INC acquired a new position in Public Storage in the third quarter valued at approximately $34,000. Raiffeisen Bank International AG lifted its holdings in 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 acquiring an additional 37 shares during the last quarter. Finally, Knuff & Co LLC purchased a new position in Public Storage in the fourth quarter worth approximately $38,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Stock Performance

Shares of PSA opened at $328.31 on Tuesday. Public Storage has a 1 year low of $256.54 and a 1 year high of $331.79. The stock has a market capitalization of $57.63 billion, a PE ratio of 33.86, a PEG ratio of 4.43 and a beta of 0.96. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a 50-day simple moving average of $310.97 and a 200-day simple moving average of $294.03.

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

Public Storage Announces Dividend

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

Insider Activity

In other news, insider Nathaniel A. Vitan sold 950 shares of Public Storage stock in a transaction on Friday, June 12th. The shares were sold at an average price of $324.81, for a total value of $308,569.50. Following the transaction, the insider directly owned 1,414 shares of the company’s stock, valued at $459,281.34. The trade was a 40.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PSA shares. UBS Group reissued a “neutral” rating on shares of Public Storage in a research report on Monday, June 22nd. Royal Bank Of Canada upped their target price on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. Scotiabank increased their target price on shares of Public Storage from $340.00 to $342.00 and gave the stock a “sector outperform” rating in a research note on Thursday, June 18th. BNP Paribas Exane lifted their price target on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Finally, William Blair set a $305.00 price target on shares of Public Storage in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $324.58.

About Public Storage

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.