Aberdeen Group plc Buys 74,899 Shares of Public Storage $PSA

Key Points

• Aberdeen Group increased its Public Storage stake by 22.4% in the second quarter, purchasing 74,899 shares and bringing its holdings to 409,867 shares worth approximately $130.5 million. Institutional investors collectively own 78.79% of PSA.
• Public Storage reported quarterly EPS of $4.17, beating estimates of $2.53, while revenue reached $1.23 billion, down 0.5% year over year. The company maintained 2026 EPS guidance of $16.75–$17.05.
• The REIT declared a quarterly dividend of $3.00 per share, equivalent to $12 annually and a 3.7% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $326.05.

Aberdeen Group plc grew its position in shares of Public Storage (NYSE:PSA - Free Report) by 22.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 409,867 shares of the real estate investment trust's stock after purchasing an additional 74,899 shares during the quarter. Aberdeen Group plc owned about 0.23% of Public Storage worth $130,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC grew its position in Public Storage by 25.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust's stock valued at $4,829,000 after purchasing an additional 3,763 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Public Storage by 3.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 289,675 shares of the real estate investment trust's stock worth $75,171,000 after buying an additional 9,618 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Public Storage by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 246,002 shares of the real estate investment trust's stock valued at $63,838,000 after buying an additional 12,444 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Public Storage by 5.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust's stock valued at $118,576,000 after buying an additional 25,353 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Public Storage by 4.5% during the fourth quarter. Legal & General Group Plc now owns 1,951,779 shares of the real estate investment trust's stock worth $506,487,000 after acquiring an additional 83,916 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company's stock.

Insider Buying and Selling at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 11.10% of the company's stock.

Public Storage Price Performance

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

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 for the quarter, beating the consensus estimate of $2.53 by $1.64. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The company's revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Equities research analysts forecast that Public Storage will post 16.93 EPS 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. Shareholders 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 3.7%. Public Storage's payout ratio is 114.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PSA. Mizuho raised their target price on Public Storage from $301.00 to $316.00 and gave the company a "neutral" rating in a report on Wednesday, May 27th. Truist Financial upped their price target on Public Storage from $302.00 to $338.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. increased their price target on Public Storage from $291.00 to $338.00 and gave the company a "neutral" rating in a research report on Thursday, June 11th. UBS Group raised their price objective on Public Storage from $314.00 to $326.00 and gave the company a "neutral" rating in a research note on Friday, July 10th. Finally, Jefferies Financial Group lifted their price objective on shares of Public Storage from $350.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, May 20th. Seven 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $326.05.

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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