Corient Private Wealth LP Has $19.86 Million Holdings in Public Storage $PSA

Key Points

• Corient Private Wealth reduced its Public Storage stake by 5.5% in the second quarter, selling 3,601 shares and retaining 62,376 shares valued at approximately $19.86 million. Institutional investors collectively own 78.79% of PSA.
• Public Storage reported quarterly EPS of $4.17, well above the $2.53 analyst consensus, 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 4.1% yield. Analysts have a consensus “Hold” rating and an average price target of $327.05.

Corient Private Wealth LP decreased its holdings in Public Storage (NYSE:PSA - Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,376 shares of the real estate investment trust's stock after selling 3,601 shares during the quarter. Corient Private Wealth LP's holdings in Public Storage were worth $19,856,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PSA. V Square Quantitative Management LLC increased its stake in Public Storage by 2.2% in the 1st quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust's stock valued at $419,000 after buying an additional 34 shares during the last quarter. Nilsine Partners LLC boosted its stake in shares of Public Storage by 2.9% in the 2nd quarter. Nilsine Partners LLC now owns 1,211 shares of the real estate investment trust's stock worth $385,000 after buying an additional 34 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of Public Storage by 2.6% in the 1st quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust's stock worth $385,000 after buying an additional 36 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Public Storage by 1.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust's stock valued at $575,000 after acquiring an additional 37 shares in the last quarter. Finally, Chesapeake Capital Corp IL grew its holdings in shares of Public Storage by 1.3% in the second quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust's stock valued at $953,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company's stock.

Public Storage Stock Down 0.3%

PSA opened at $295.57 on Tuesday. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The company has a market cap of $51.91 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 4.03 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The company has a 50 day moving average of $317.32 and a 200 day moving average of $307.65.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter 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. On average, sell-side analysts expect that Public Storage will post 16.93 EPS for the current year.

Public Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders 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 annualized dividend and a dividend yield of 4.1%. Public Storage's dividend payout ratio is currently 114.50%.

Insider Activity

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the business's 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PSA shares. Jefferies Financial Group increased their price target on Public Storage from $350.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, May 20th. Scotiabank reduced their price objective on Public Storage from $346.00 to $343.00 and set a "sector outperform" rating for the company in a research note on Wednesday, September 2nd. Evercore set a $316.00 target price on Public Storage in a research report on Monday, July 6th. Barclays raised their target price on Public Storage from $350.00 to $351.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Wells Fargo & Company set a $311.00 target price on Public Storage in a research note on Tuesday, September 1st. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, Public Storage has an average rating of "Hold" and a consensus price target of $327.05.

Public Storage Profile

Public Storage is a real estate investment trust that owns, operates and develops self-storage facilities in the United States. The company provides customers with storage units for household goods, business inventory, vehicles and other personal or commercial belongings.

Its facilities offer a range of unit sizes and may include features such as drive-up access, climate-controlled storage, electronic gate access and online account management. Public Storage also provides related services, including tenant insurance options and moving and packing supplies at select locations.

Founded in 1972 and headquartered in Glendale, California, Public Storage serves customers through a nationwide network of self-storage properties.

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