5,053 Shares in Public Storage $PSA Purchased by Sawyer & Company Inc

Key Points

• Sawyer & Company acquired 5,053 Public Storage shares worth approximately $1.43 million in the third quarter. Institutional investors and hedge funds collectively own 78.79% of PSA.
• Analyst sentiment remains cautious, with a consensus “Hold” rating from 21 analysts and an average price target of $323.42; recent target adjustments ranged from $294 to $330.
• PSA shares fell 1.1% to $298.39, while the company maintains a quarterly dividend of $3.00, equating to a 4.0% annualized yield. Its latest quarterly EPS of $4.17 exceeded the $2.53 consensus estimate.

Sawyer & Company Inc purchased a new position in Public Storage (NYSE:PSA - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,053 shares of the real estate investment trust's stock, valued at approximately $1,429,000.

Several other institutional investors have also made changes to their positions in PSA. BlackRock Inc. acquired a new position in Public Storage in the 2nd quarter valued at approximately $5,495,077,000. Legal & General Group Plc purchased a new stake in Public Storage in the 2nd quarter worth approximately $601,650,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Public Storage during the 2nd quarter valued at $558,904,000. Deutsche Bank AG acquired a new stake in shares of Public Storage during the 2nd quarter valued at $400,776,000. Finally, Bank of America Corp DE purchased a new position in shares of Public Storage during the 2nd quarter valued at $333,063,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

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 Securities & Exchange Commission, which is accessible through this hyperlink. 11.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on PSA. JPMorgan Chase & Co. dropped their price target on shares of Public Storage from $338.00 to $330.00 and set a "neutral" rating on the stock in a research note on Monday, September 21st. Truist Financial assumed coverage on Public Storage in a research report on Friday, October 2nd. They set a "buy" rating and a $317.00 price objective for the company. UBS Group lowered their target price on Public Storage from $326.00 to $294.00 and set a "neutral" rating on the stock in a research note on Friday, October 16th. Mizuho upped their target price on Public Storage from $316.00 to $319.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $318.00 price target on shares of Public Storage in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, Public Storage presently has a consensus rating of "Hold" and an average target price of $323.42.

Public Storage Stock Down 1.1%

NYSE PSA traded down $3.37 during trading on Wednesday, hitting $298.39. 186,006 shares of the company traded hands, compared to its average volume of 1,055,229. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The business has a fifty day simple moving average of $300.61 and a 200 day simple moving average of $307.86. The company has a market capitalization of $52.40 billion, a P/E ratio of 28.50, a PEG ratio of 4.41 and a beta of 0.94. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06.

Public Storage (NYSE:PSA - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $1.64. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%. The firm's revenue was down .5% on a year-over-year basis. During the same quarter 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 EPS for the current year.

Public Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th were issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, September 15th. Public Storage's payout ratio is 114.50%.

Public Storage Profile

Public Storage NYSE: PSA is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.

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