Key Points
- Insider sale: Public Storage insider Nathaniel Vitan sold 950 shares on June 12 for about $308,569.50, reducing his position by 40.19%.
- Earnings and outlook: The REIT recently reported Q1 EPS of $2.71, topping estimates, and issued FY 2026 guidance of $16.35 to $17.00 EPS.
- Dividend and analyst sentiment: Public Storage declared a quarterly $3.00 dividend payable June 30, while analysts mostly remain cautious, with a consensus rating of Hold and average target price of $323.42.
Public Storage (NYSE:PSA - Get Free Report) insider Nathaniel Vitan sold 950 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $324.81, for a total transaction of $308,569.50. Following the completion of the transaction, the insider owned 1,414 shares of the company's stock, valued at $459,281.34. This represents a 40.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Public Storage Stock Performance
Shares of PSA opened at $320.28 on Wednesday. The company has a 50-day simple moving average of $304.93 and a 200-day simple moving average of $289.56. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $56.23 billion, a PE ratio of 33.05, a P/E/G ratio of 4.38 and a beta of 0.98. Public Storage has a 52-week low of $256.54 and a 52-week high of $331.79.
Public Storage (NYSE:PSA - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.42 by $0.29. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts predict that Public Storage will post 16.92 earnings per share for the current fiscal year.
Public Storage Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued 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 is Monday, June 15th. Public Storage's dividend payout ratio (DPR) is currently 123.84%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PSA. BMO Capital Markets increased their price target on shares of Public Storage from $305.00 to $340.00 and gave the company a "market perform" rating in a report on Monday. JPMorgan Chase & Co. raised their target price on shares of Public Storage from $291.00 to $338.00 and gave the company a "neutral" rating in a report on Thursday, June 11th. BNP Paribas Exane raised their target price on shares of Public Storage from $331.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 22nd. Jefferies Financial Group raised their target price on shares of Public Storage from $350.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, May 20th. Finally, Citigroup raised their target price on shares of Public Storage from $325.00 to $363.00 and gave the company a "buy" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $323.42.
Check Out Our Latest Stock Analysis on Public Storage
Hedge Funds Weigh In On Public Storage
Several hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC increased its holdings in Public Storage by 2.2% during 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 acquiring an additional 34 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in shares of Public Storage by 2.6% during the first 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 in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Public Storage by 1.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust's stock worth $575,000 after buying an additional 37 shares in the last quarter. Raiffeisen Bank International AG grew its holdings in shares of Public Storage by 35.2% during the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust's stock worth $37,000 after buying an additional 37 shares in the last quarter. Finally, Doliver Advisors LP grew its holdings in shares of Public Storage by 1.0% during the fourth quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust's stock worth $1,071,000 after buying an additional 39 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.
Public Storage Company Profile
(
Get 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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