10,247 Shares in Public Storage $PSA Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC purchased 10,247 Public Storage shares during the second quarter, valued at approximately $3.26 million. Institutional investors and hedge funds collectively own 78.79% of PSA.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $327; recent targets range from $316 to $346.
• Public Storage reported quarterly EPS of $4.17, exceeding estimates of $2.53, and declared a $3.00 quarterly dividend. The annualized dividend is $12.00 per share, representing a 4.0% yield.

Empowered Funds LLC purchased a new stake in shares of Public Storage (NYSE:PSA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,247 shares of the real estate investment trust's stock, valued at approximately $3,262,000.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC grew its stake in shares of Public Storage by 89.6% in the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 43 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Public Storage during the third quarter worth $27,000. Bayban bought a new stake in Public Storage during the fourth quarter worth $26,000. Meeder Asset Management Inc. bought a new stake in Public Storage during the second quarter worth $36,000. Finally, Wealth Watch Advisors INC acquired a new stake in Public Storage in the third quarter valued at $34,000. Institutional investors and hedge funds own 78.79% of the company's stock.

Insider Activity

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 shares were sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PSA shares. Evercore set a $316.00 target price on shares of Public Storage in a research note on Monday, July 6th. JPMorgan Chase & Co. upped their price objective on Public Storage from $291.00 to $338.00 and gave the company a "neutral" rating in a research note on Thursday, June 11th. Scotiabank lifted their target price on Public Storage from $345.00 to $346.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 18th. UBS Group boosted their target price on Public Storage from $314.00 to $326.00 and gave the stock a "neutral" rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada increased their price target on Public Storage from $305.00 to $318.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Public Storage presently has a consensus rating of "Hold" and a consensus price target of $327.00.

Public Storage Stock Performance

NYSE:PSA opened at $302.23 on Wednesday. The company has a market cap of $53.08 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 3.62 and a beta of 0.95. Public Storage has a fifty-two week low of $256.54 and a fifty-two week 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 stock has a fifty day moving average price of $321.71 and a 200-day moving average price of $307.78.

Public Storage (NYSE:PSA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, topping the consensus estimate of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the business posted $4.28 earnings per share. Public Storage's revenue was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities analysts anticipate that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Dividend Announcement

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 given a dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. Public Storage's payout ratio is currently 114.50%.

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.

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