Great Lakes Advisors LLC Takes Position in Public Storage $PSA

Key Points

• Great Lakes Advisors LLC acquired 111,844 Public Storage shares in the second quarter, worth approximately $35.6 million and representing about 0.06% of the REIT. 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, essentially matching expectations but declining 0.5% year over year. The company issued fiscal 2026 EPS guidance of $16.75–$17.05.
• The company declared a quarterly dividend of $3.00 per share, or $12.00 annualized, yielding about 3.7%. Analysts maintain a consensus “Hold” rating with an average price target of $326.11, close to the stock’s reported $323.95 price.

Great Lakes Advisors LLC acquired a new stake in shares of Public Storage (NYSE:PSA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 111,844 shares of the real estate investment trust's stock, valued at approximately $35,602,000. Great Lakes Advisors LLC owned approximately 0.06% of Public Storage as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PSA. Bayban bought a new position in Public Storage in the fourth quarter valued at about $26,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Public Storage during the third quarter worth about $27,000. Bruce G. Allen Investments LLC increased its stake in shares of Public Storage by 89.6% in the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 43 shares during the period. Wealth Watch Advisors INC acquired a new position in shares of Public Storage in the third quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. bought a new position in Public Storage in the 2nd quarter valued at approximately $36,000. Institutional investors own 78.79% of the company's stock.

Public Storage Price Performance

Shares of PSA opened at $323.95 on Wednesday. The business has a 50-day moving average of $322.44 and a 200-day moving average of $305.43. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $56.89 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 3.84 and a beta of 0.96. Public Storage has a 1 year low of $256.54 and a 1 year high of $335.55.

Public Storage (NYSE:PSA - Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, beating the consensus estimate of $2.53 by $1.64. The business 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 firm's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities research analysts anticipate that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Announces Dividend

The company also recently disclosed 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%.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BNP Paribas Exane lifted their target price on shares of Public Storage from $331.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, May 22nd. Royal Bank Of Canada upped 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 report on Friday, July 31st. BMO Capital Markets raised their price target on shares of Public Storage from $305.00 to $340.00 and gave the company a "market perform" rating in a research note on Monday, June 15th. Mizuho lifted their price target on shares of Public Storage from $301.00 to $316.00 and gave the stock a "neutral" rating in a report on Wednesday, May 27th. Finally, Scotiabank boosted their price objective on shares of Public Storage from $345.00 to $346.00 and gave the stock an "outperform" rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, Public Storage has a consensus rating of "Hold" and an average target price of $326.11.

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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