Public Storage (NYSE:PSA) Insider Nathaniel Vitan Sells 950 Shares

Public Storage (NYSE:PSA) insider Nathaniel Vitan sold 950 shares of the stock in a transaction that occurred 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 directly owned 1,414 shares in the company, valued at approximately $459,281.34. This represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Public Storage Trading Down 0.2%

Shares of NYSE:PSA opened at $320.28 on Wednesday. Public Storage has a 52 week low of $256.54 and a 52 week high of $331.79. The company’s 50 day moving average is $304.93 and its two-hundred day moving average is $289.56. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market cap 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 (NYSE:PSA) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating 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 company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $4.12 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities analysts predict that Public Storage will post 16.92 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. Public Storage’s dividend payout ratio is currently 123.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PSA shares. Royal Bank Of Canada increased their price objective on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. BMO Capital Markets increased their price target on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a research note on Monday. Citigroup increased their price target on shares of Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group increased their price target on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Barclays reduced their target price on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Public Storage presently has a consensus rating of “Hold” and an average price target of $323.42.

Institutional Trading of Public Storage

Hedge funds have recently made changes to their positions in the company. Bayban acquired a new stake in shares of Public Storage in the 4th quarter worth $26,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Public Storage in the 3rd quarter worth $27,000. Raiffeisen Bank International AG acquired a new stake in shares of Public Storage in the 3rd quarter worth $30,000. Wealth Watch Advisors INC acquired a new stake in shares of Public Storage in the 3rd quarter worth $34,000. Finally, Knuff & Co LLC purchased a new position in shares of Public Storage in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

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.