Osmosis Investment Management UK Ltd purchased a new stake in shares of Public Storage (NYSE:PSA - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 13,856 shares of the real estate investment trust's stock, valued at approximately $4,411,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSA. Knights of Columbus Asset Advisors LLC boosted its position in shares of Public Storage by 25.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust's stock valued at $4,829,000 after purchasing an additional 3,763 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Public Storage by 3.4% during the fourth 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. boosted its holdings in shares of Public Storage by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 246,002 shares of the real estate investment trust's stock worth $63,838,000 after buying an additional 12,444 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Public Storage by 5.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust's stock worth $118,576,000 after acquiring an additional 25,353 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Public Storage by 4.5% in the fourth quarter. Legal & General Group Plc now owns 1,951,779 shares of the real estate investment trust's stock worth $506,487,000 after acquiring an additional 83,916 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company's stock.
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 dated Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is owned by company insiders.
Analyst Ratings Changes
PSA has been the topic of several research analyst reports. Evercore set a $316.00 price objective on shares of Public Storage in a research report on Monday, July 6th. BMO Capital Markets increased their target price on Public Storage from $305.00 to $340.00 and gave the company a "market perform" rating in a report on Monday, June 15th. Weiss Ratings raised Public Storage from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, June 12th. Royal Bank Of Canada increased their price objective on Public Storage from $305.00 to $318.00 and gave the stock a "sector perform" rating in a research note on Friday, July 31st. Finally, Scotiabank raised their price objective on Public Storage from $345.00 to $346.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $326.16.
View Our Latest Stock Report on PSA
Public Storage Trading Up 0.1%
Shares of NYSE:PSA opened at $322.76 on Monday. The firm has a fifty day moving average of $322.35 and a two-hundred day moving average of $306.46. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. Public Storage has a 12-month low of $256.54 and a 12-month high of $335.55. The firm has a market capitalization of $56.68 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.
Public Storage (NYSE:PSA - Get Free Report) last posted its quarterly 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 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 the consensus estimate of $1.23 billion. During the same period in the prior year, the business posted $4.28 earnings per share. Public Storage'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, equities analysts expect that Public Storage will post 16.93 EPS for the current fiscal year.
Public Storage Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. Public Storage's dividend payout ratio (DPR) is 114.50%.
About Public Storage
(
Free Report)
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.
Further Reading
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