Knights of Columbus Asset Advisors LLC Buys 2,603 Shares of Public Storage $PSA

Knights of Columbus Asset Advisors LLC boosted its stake in Public Storage (NYSE:PSA) by 14.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,213 shares of the real estate investment trust’s stock after purchasing an additional 2,603 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Public Storage were worth $6,752,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of Public Storage during the third quarter valued at approximately $27,000. Bayban purchased a new position in shares of Public Storage in the fourth quarter worth $26,000. Wealth Watch Advisors INC purchased a new position in shares of Public Storage in the third quarter worth $34,000. Raiffeisen Bank International AG raised its holdings in Public Storage by 35.2% during the 4th 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 during the last quarter. Finally, Knuff & Co LLC bought a new stake in Public Storage during the 4th quarter valued at $38,000. Institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

Shares of Public Storage stock opened at $325.99 on Friday. The business has a 50 day moving average of $322.15 and a 200 day moving average of $304.57. Public Storage has a 52 week low of $256.54 and a 52 week high of $335.55. The company has a market cap of $57.25 billion, a PE ratio of 31.11, a P/E/G ratio of 3.87 and a beta of 0.96. 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 released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.53 by $1.64. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities research analysts forecast that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Announces Dividend

The business 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 $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PSA shares. Jefferies Financial Group raised their price target on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Citigroup upped their price objective on shares of Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Truist Financial increased their target price on shares of Public Storage from $302.00 to $338.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, BNP Paribas Exane raised their target price on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, Public Storage currently has a consensus rating of “Hold” and a consensus price target of $326.05.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

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.