11,172 Shares in Public Storage $PSA Acquired by First Nebraska Trust Co

First Nebraska Trust Co bought a new position in Public Storage (NYSE:PSA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,172 shares of the real estate investment trust’s stock, valued at approximately $3,556,000.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC lifted its stake in shares of 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 worth $419,000 after purchasing an additional 34 shares during the period. Gryphon Financial Partners LLC grew its position in shares of Public Storage by 2.6% in the first quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Public Storage by 1.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock valued at $575,000 after purchasing an additional 37 shares during the period. Raiffeisen Bank International AG grew its position in shares of Public Storage by 35.2% in 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 period. Finally, Chesapeake Capital Corp IL increased its stake in Public Storage by 1.3% in the second quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock valued at $953,000 after purchasing an additional 38 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Stock Performance

Shares of NYSE:PSA opened at $322.76 on Friday. The business has a 50-day moving average of $322.35 and a two-hundred day moving average of $306.22. The firm has a market capitalization of $56.68 billion, a PE ratio of 30.80, a P/E/G ratio of 3.80 and a beta of 0.96. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $4.28 EPS. The company’s revenue was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, research analysts forecast that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Public Storage’s payout ratio is currently 114.50%.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PSA has been the topic of several recent analyst reports. Mizuho increased their target price on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Truist Financial lifted their price target on Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Barclays upped their price objective on shares of Public Storage from $349.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $341.00 price objective on shares of Public Storage in a report on Wednesday, April 29th. Finally, Scotiabank raised their target price on shares of Public Storage from $345.00 to $346.00 and gave the stock an “outperform” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $326.16.

Public Storage 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.