Commerzbank Aktiengesellschaft FI Sells 2,661 Shares of Public Storage $PSA

Commerzbank Aktiengesellschaft FI lessened its stake in Public Storage (NYSE:PSA) by 40.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,976 shares of the real estate investment trust’s stock after selling 2,661 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Public Storage were worth $1,077,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Bayban bought a new stake in shares of Public Storage during the 4th quarter worth $26,000. Harvest Fund Management Co. Ltd bought a new position in Public Storage in the third quarter valued at $27,000. Wealth Watch Advisors INC purchased a new stake in Public Storage during the third quarter valued at about $34,000. Raiffeisen Bank International AG raised its position in 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 in the last quarter. Finally, Knuff & Co LLC bought a new stake in Public Storage during the fourth quarter worth about $38,000. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Performance

NYSE PSA opened at $309.83 on Wednesday. The company has a 50-day simple moving average of $314.32 and a two-hundred day simple moving average of $298.93. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a 12-month low of $256.54 and a 12-month high of $331.79. The firm has a market cap of $54.39 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 4.24 and a beta of 0.96.

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

Public Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Insider Buying and Selling

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of Public Storage stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the transaction, the insider directly owned 1,414 shares of the company’s stock, valued at $459,281.34. The trade was a 40.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a report on Wednesday, April 29th. Jefferies Financial Group raised their price objective on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Royal Bank Of Canada boosted their target price on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. Truist Financial upped their target price on Public Storage from $302.00 to $338.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Evercore set a $316.00 price target on shares of Public Storage in a research report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, Public Storage presently has a consensus rating of “Hold” and a consensus target price of $325.37.

About Public Storage

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.