EP Wealth Advisors LLC Invests $1.22 Million in Public Storage $PSA

Key Points

• EP Wealth Advisors initiated a $1.22 million position in Public Storage during the second quarter by purchasing 3,820 shares. Institutional investors collectively own 78.79% of PSA.
• Public Storage reported quarterly EPS of $4.17, beating analyst expectations of $2.53, while revenue reached $1.23 billion but declined 0.5% year over year. The company’s fiscal 2026 EPS guidance is $16.75–$17.05.
• The REIT declared a quarterly dividend of $3.00 per share, or $12.00 annualized, representing a 3.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $326.16.

EP Wealth Advisors LLC purchased a new position in shares of Public Storage (NYSE:PSA - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,820 shares of the real estate investment trust's stock, valued at approximately $1,216,000.

Other large investors have also recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC lifted its position in shares of Public Storage by 25.3% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust's stock worth $4,829,000 after purchasing an additional 3,763 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Public Storage by 3.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 289,675 shares of the real estate investment trust's stock valued at $75,171,000 after buying an additional 9,618 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Public Storage by 5.3% during the 4th 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. boosted its position in Public Storage by 5.8% in the 4th 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 during the period. Finally, Legal & General Group Plc boosted its position in Public Storage by 4.5% in the 4th quarter. Legal & General Group Plc now owns 1,951,779 shares of the real estate investment trust's stock valued at $506,487,000 after buying an additional 83,916 shares during the period. 78.79% of the stock is owned by hedge funds and other institutional investors.

Public Storage Stock Performance

Shares of NYSE:PSA opened at $322.76 on Monday. The company has a market capitalization of $56.68 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 3.80 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 company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. The firm has a 50 day moving average of $322.35 and a 200 day moving average of $306.46.

Public Storage (NYSE:PSA - Get Free Report) last posted 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. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.Public Storage's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, sell-side analysts predict that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on PSA shares. Jefferies Financial Group lifted their price target on shares of Public Storage from $350.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, May 20th. BMO Capital Markets raised their price objective on Public Storage from $305.00 to $340.00 and gave the stock a "market perform" rating in a report on Monday, June 15th. JPMorgan Chase & Co. raised their price objective on Public Storage from $291.00 to $338.00 and gave the stock a "neutral" rating in a report on Thursday, June 11th. Truist Financial lifted their target price on Public Storage from $302.00 to $338.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada upped their target price on Public Storage from $305.00 to $318.00 and gave the stock a "sector perform" rating in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Public Storage currently has a consensus rating of "Hold" and a consensus price target of $326.16.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this hyperlink. Corporate 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.

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