J. Safra Sarasin Holding AG Acquires 3,373 Shares of Public Storage $PSA

J. Safra Sarasin Holding AG increased its stake in shares of Public Storage (NYSE:PSA) by 228.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,850 shares of the real estate investment trust’s stock after buying an additional 3,373 shares during the period. J. Safra Sarasin Holding AG’s holdings in Public Storage were worth $1,311,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PSA. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage in the third quarter worth about $27,000. Bayban acquired a new position in shares of Public Storage during the fourth quarter worth approximately $26,000. Wealth Watch Advisors INC bought a new stake in shares of Public Storage during the third quarter valued at approximately $34,000. Raiffeisen Bank International AG grew its stake 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 valued at $37,000 after purchasing an additional 37 shares during the last quarter. Finally, Knuff & Co LLC acquired a new stake in shares of Public Storage in the fourth quarter valued at approximately $38,000. Institutional investors own 78.79% of the company’s stock.

Insider Activity at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of the company’s stock in a transaction on 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 sale, the insider owned 1,414 shares in the company, valued at approximately $459,281.34. The trade was a 40.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.10% of the company’s stock.

Public Storage Stock Down 0.7%

Shares of NYSE:PSA opened at $319.55 on Wednesday. Public Storage has a one year low of $256.54 and a one year high of $331.79. The company has a 50 day moving average of $313.72 and a 200-day moving average of $296.96. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $56.10 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 4.33 and a beta of 0.96.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $4.12 earnings per share. Public Storage’s revenue for the quarter was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, sell-side analysts forecast that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $3.00 per share. The ex-dividend date was Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 3.8%. Public Storage’s payout ratio is presently 123.84%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BNP Paribas Exane boosted their price objective 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. BMO Capital Markets increased their price objective on Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research report on Monday, June 15th. Jefferies Financial Group lifted their target price on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Weiss Ratings upgraded Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, Citigroup boosted their target price on Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $325.37.

Public Storage Company 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.