Benjamin Edwards Inc. Acquires 3,343 Shares of Public Storage $PSA

Key Points

• Benjamin Edwards Inc. increased its Public Storage stake by 25.3% in the second quarter, purchasing 3,343 additional shares for a total holding of 16,577 shares valued at approximately $5.28 million. Institutional investors collectively own 78.79% of PSA.
• Analysts remain broadly neutral, with seven Buy ratings and fourteen Hold ratings. Public Storage has a consensus rating of Hold and an average price target of $326.16, while several firms recently raised their targets.
• Public Storage reported quarterly earnings of $4.17 per share, well above the $2.53 consensus estimate, on $1.23 billion in revenue. The REIT declared a $3.00 quarterly dividend, equivalent to a 3.8% yield, despite a payout ratio of 114.5%.

Benjamin Edwards Inc. grew its holdings in Public Storage (NYSE:PSA - Free Report) by 25.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,577 shares of the real estate investment trust's stock after purchasing an additional 3,343 shares during the quarter. Benjamin Edwards Inc.'s holdings in Public Storage were worth $5,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC increased its holdings in Public Storage by 2.2% in the first quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust's stock worth $419,000 after purchasing an additional 34 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in Public Storage by 2.6% in the first quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust's stock valued at $385,000 after buying an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Public Storage by 1.7% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust's stock worth $575,000 after buying an additional 37 shares in the last quarter. Raiffeisen Bank International AG grew its position in shares of Public Storage by 35.2% during the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust's stock worth $37,000 after buying an additional 37 shares during the period. Finally, Chesapeake Capital Corp IL grew its position in shares of Public Storage by 1.3% during the 2nd quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust's stock worth $953,000 after buying an additional 38 shares during the period. Institutional investors own 78.79% of the company's stock.

Analysts Set New Price Targets

PSA has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Public Storage from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, June 12th. BMO Capital Markets increased 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. JPMorgan Chase & Co. raised 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. Royal Bank Of Canada lifted their price target on shares of Public Storage from $305.00 to $318.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Finally, BNP Paribas Exane upped their price objective on shares of Public Storage from $331.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $326.16.

Public Storage Trading Up 0.0%

Shares of Public Storage stock opened at $313.65 on Monday. The stock has a market capitalization of $55.08 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 3.69 and a beta of 0.96. Public Storage has a 52 week low of $256.54 and a 52 week high of $335.55. The stock has a 50 day moving average price of $322.34 and a two-hundred day moving average price of $307.61. 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 issued its 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. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $4.28 earnings per share. Public Storage's revenue for the quarter was down .5% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 15th. Public Storage's payout ratio is 114.50%.

Insider Buying and Selling

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the company's stock in a transaction 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 SEC, which is accessible through this hyperlink. Company insiders own 11.10% of the company's stock.

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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