Public Storage (NYSE:PSA) Insider Nathaniel Vitan Sells 1,414 Shares

Public Storage (NYSE:PSA) insider Nathaniel Vitan sold 1,414 shares of the 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 document filed with the SEC, which is available at the SEC website.

Public Storage Stock Down 0.8%

NYSE:PSA opened at $325.99 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The stock has a 50 day moving average of $322.15 and a 200-day moving average of $304.57. The firm has a market capitalization of $57.25 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 3.87 and a beta of 0.96. Public Storage has a 52 week low of $256.54 and a 52 week high of $335.55.

Public Storage (NYSE:PSA) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating 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%. Public Storage’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Analysts predict that Public Storage will post 16.93 EPS for the current 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 paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. Public Storage’s dividend payout ratio is currently 114.50%.

Hedge Funds Weigh In On Public Storage

Hedge funds have recently bought and sold shares of the business. Caisse de depot et placement du Quebec acquired a new stake in shares of Public Storage in the second quarter worth about $65,345,000. First Bancorp Inc ME bought a new stake in shares of Public Storage during the 2nd quarter worth about $123,000. Jupiter Topco LLC acquired a new position in shares of Public Storage during the 2nd quarter valued at about $69,461,000. Hsbc Holdings PLC acquired a new position in shares of Public Storage during the 2nd quarter valued at about $195,808,000. Finally, Ancora Advisors LLC acquired a new position in shares of Public Storage during the 2nd quarter valued at about $67,000. 78.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PSA has been the topic of several research analyst reports. UBS Group lifted their price objective on shares of Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. BNP Paribas Exane lifted their price target on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Raymond James Financial assumed coverage on Public Storage in a research note on Thursday, July 16th. They issued a “market perform” rating for the company. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Citigroup raised their price target on shares of Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a report 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 data from MarketBeat, Public Storage presently has a consensus rating of “Hold” and an average target price of $326.05.

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.