Capital Financial Group Inc. Co. ADV Purchases Shares of 3,096 Public Storage $PSA

Key Points

• Capital Financial Group acquired 3,096 shares of Public Storage in the second quarter, worth approximately $985,000. Institutional investors collectively own 78.79% of the REIT.
• Public Storage reported quarterly EPS of $4.17, well above the $2.53 analyst consensus, while revenue was $1.23 billion, down 0.5% year over year. The company provided fiscal 2026 EPS guidance of $16.75 to $17.05.
• The company declared a quarterly dividend of $3.00 per share, equivalent to $12.00 annually and a 3.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $326.05, compared with the reported share price of $324.34.

Capital Financial Group Inc. Co. ADV acquired a new position in Public Storage (NYSE:PSA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,096 shares of the real estate investment trust's stock, valued at approximately $985,000.

Other large investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC raised its holdings in Public Storage by 89.6% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 43 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Public Storage during the 3rd quarter valued at about $27,000. Bayban bought a new stake in shares of Public Storage during the 4th quarter valued at about $26,000. Wealth Watch Advisors INC bought a new stake in shares of Public Storage during the 3rd quarter valued at about $34,000. Finally, Raiffeisen Bank International AG increased its position in shares of Public Storage by 35.2% during the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 37 shares during the period. 78.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the company's stock in a transaction dated 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 SEC, which is available at this hyperlink. 11.10% of the stock is owned by insiders.

Public Storage Price Performance

Shares of NYSE PSA opened at $324.34 on Tuesday. The company has a 50 day simple moving average of $322.41 and a two-hundred day simple moving average of $305.08. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The company has a market capitalization of $56.96 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 3.84 and a beta of 0.96. 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 quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS 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 firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the firm posted $4.28 EPS. The business's revenue for the quarter was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Analysts expect that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders 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 dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage's dividend payout ratio is currently 114.50%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup increased their target price on Public Storage from $325.00 to $363.00 and gave the stock a "buy" rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. lifted 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 upped their price target on Public Storage from $314.00 to $326.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Weiss Ratings upgraded Public Storage from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, June 12th. Finally, Raymond James Financial began coverage on shares of Public Storage in a report on Thursday, July 16th. They set a "market perform" rating on the stock. Seven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $326.05.

About Public Storage

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.

Want to see what other hedge funds are holding PSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Storage (NYSE:PSA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source