United Capital Financial Advisors LLC Makes New Investment in Public Storage $PSA

United Capital Financial Advisors LLC acquired a new stake in shares of Public Storage (NYSE:PSA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,477 shares of the real estate investment trust’s stock, valued at approximately $1,425,000.

A number of other large investors also recently modified their holdings of PSA. Bayban acquired a new stake in shares of Public Storage in the fourth quarter worth $26,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage during the 3rd quarter valued at $27,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Public Storage by 89.6% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 43 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in Public Storage during the 3rd quarter worth $34,000. Finally, Meeder Asset Management Inc. purchased a new stake in Public Storage during the 2nd quarter worth $36,000. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Public Storage Trading Up 0.8%

NYSE:PSA opened at $313.65 on Friday. The stock has a market cap of $55.08 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 3.69 and a beta of 0.96. Public Storage has a one year low of $256.54 and a one year high of $335.55. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. The business’s 50-day simple moving average is $322.34 and its 200 day simple moving average is $307.48.

Public Storage (NYSE:PSA) last announced 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 company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.Public Storage’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, sell-side analysts predict that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s payout ratio is currently 114.50%.

Wall Street Analysts Forecast Growth

PSA has been the topic of a number of recent research reports. Truist Financial boosted their price objective on Public Storage from $302.00 to $338.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Scotiabank increased their target price on Public Storage from $345.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. Jefferies Financial Group raised their target price on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, BNP Paribas Exane upped their price target on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Seven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Public Storage presently has a consensus rating of “Hold” and an average target price of $326.16.

Insider Transactions at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.10% of the stock is owned by insiders.

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.