6,600 Shares in Public Storage $PSA Purchased by Greenland Capital Management LP

Greenland Capital Management LP purchased a new stake in Public Storage (NYSE:PSA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,600 shares of the real estate investment trust's stock, valued at approximately $2,101,000.

A number of other hedge funds have also added to or reduced their stakes in PSA. Empowered Funds LLC raised its stake in shares of Public Storage by 13.3% in the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust's stock worth $954,000 after purchasing an additional 373 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Public Storage in the second quarter valued at approximately $929,000. Nebula Research & Development LLC purchased a new position in shares of Public Storage during the second quarter valued at approximately $1,113,000. Treasurer of the State of North Carolina boosted its position in shares of Public Storage by 1.9% during the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust's stock valued at $21,647,000 after buying an additional 1,390 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in Public Storage by 219.8% during the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust's stock worth $14,140,000 after buying an additional 33,122 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company's stock.

Insiders Place Their Bets

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total transaction of $463,127.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on PSA. Truist Financial increased their price target on Public Storage from $302.00 to $338.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. BMO Capital Markets upped their target price on shares of Public Storage from $305.00 to $340.00 and gave the stock a "market perform" rating in a research note on Monday, June 15th. UBS Group increased their target price on shares of Public Storage from $314.00 to $326.00 and gave the company a "neutral" rating in a report on Friday, July 10th. BNP Paribas Exane raised their price target on shares of Public Storage from $331.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Public Storage from $291.00 to $338.00 and gave the stock a "neutral" rating in a report on Thursday, June 11th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $326.16.

Public Storage Trading Up 0.0%

Shares of Public Storage stock opened at $322.76 on Friday. The firm has a market cap of $56.68 billion, a PE ratio of 30.80, a P/E/G ratio of 3.80 and a beta of 0.96. Public Storage has a 1 year low of $256.54 and a 1 year high of $335.55. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a fifty day moving average price of $322.35 and a 200-day moving average price of $306.22.

Public Storage (NYSE:PSA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.53 by $1.64. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Equities research analysts anticipate that Public Storage will post 16.93 EPS for the current year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Public Storage's payout ratio is presently 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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