Public Storage $PSA Stock: Perpetual Ltd Trims Stake

Key Points

• Perpetual Ltd. reduced its Public Storage stake by 6.3% in the third quarter, selling 10,199 shares and retaining 151,284 shares worth approximately $42.8 million. Institutional investors collectively own 78.79% of PSA.
• Public Storage reported quarterly EPS of $4.17, beating the $2.53 analyst consensus, while revenue reached $1.23 billion. The company maintained FY 2026 EPS guidance of $16.75–$17.05.
• PSA shares opened at $289.22, below the analyst consensus price target of $325.11. Analysts’ overall rating remains “Hold,” while the company pays a quarterly dividend of $3.00, representing a 4.1% yield.

Perpetual Ltd trimmed its position in shares of Public Storage (NYSE:PSA - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,284 shares of the real estate investment trust's stock after selling 10,199 shares during the quarter. Perpetual Ltd owned about 0.09% of Public Storage worth $42,789,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PSA. QRG Capital Management Inc. boosted its position in shares of Public Storage by 12.1% in the 2nd quarter. QRG Capital Management Inc. now owns 970 shares of the real estate investment trust's stock worth $309,000 after purchasing an additional 105 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Public Storage by 15.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 883 shares of the real estate investment trust's stock worth $281,000 after acquiring an additional 118 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Public Storage by 24.4% in the second quarter. Envestnet Asset Management Inc. now owns 238,796 shares of the real estate investment trust's stock worth $76,011,000 after acquiring an additional 46,907 shares in the last quarter. Nykredit A S purchased a new stake in shares of Public Storage during the second quarter worth about $17,378,000. Finally, Second Line Capital LLC grew its stake in shares of Public Storage by 29.6% during the second quarter. Second Line Capital LLC now owns 1,300 shares of the real estate investment trust's stock worth $414,000 after acquiring an additional 297 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors.

Public Storage Stock Performance

Shares of PSA stock opened at $289.22 on Tuesday. The firm has a market capitalization of $50.79 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 4.33 and a beta of 0.94. 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 business has a fifty day moving average of $304.42 and a 200 day moving average of $306.77. 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 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. The company had revenue of $1.23 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, research analysts expect that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, September 15th. Public Storage's dividend payout ratio (DPR) is presently 114.50%.

Insider Activity at Public Storage

In related 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PSA has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Public Storage from $338.00 to $330.00 and set a "neutral" rating on the stock in a report on Monday, September 21st. Raymond James Financial began coverage on shares of Public Storage in a research note on Thursday, July 16th. They issued a "market perform" rating for the company. Wells Fargo & Company set a $311.00 target price on shares of Public Storage in a research note on Tuesday, September 1st. Evercore set a $308.00 target price on shares of Public Storage in a research report on Monday, September 21st. Finally, BMO Capital Markets boosted their target price on shares of Public Storage from $305.00 to $340.00 and gave the stock a "market perform" rating in a research report on Monday, June 15th. Seven 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $325.11.

Public Storage Profile

Public Storage NYSE: PSA is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers seeking space for household belongings, vehicles, inventory, records and other personal or commercial items.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States. Its facilities serve customers across numerous U.S. states and typically offer a range of unit sizes, electronic access, online reservations and payment services.

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.