UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $516.92 Million Position in Public Storage $PSA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Public Storage (NYSE:PSA) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,623,950 shares of the real estate investment trust’s stock after selling 11,526 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.92% of Public Storage worth $516,920,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PSA. Bayban bought a new position in shares of Public Storage during the 4th quarter worth about $26,000. Harvest Fund Management Co. Ltd acquired a new position in Public Storage in the third quarter worth about $27,000. Bruce G. Allen Investments LLC raised its position in Public Storage by 89.6% in the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 43 shares in the last quarter. Wealth Watch Advisors INC bought a new position in Public Storage during the third quarter worth about $34,000. Finally, Meeder Asset Management Inc. bought a new position in Public Storage during the second quarter worth about $36,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PSA. Weiss Ratings upgraded Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. BMO Capital Markets raised their target price on Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. UBS Group boosted their price target on Public Storage from $314.00 to $326.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. increased their price objective on Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Finally, Scotiabank lifted their price objective on Public Storage from $345.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $326.16.

Public Storage Stock Performance

NYSE:PSA opened at $313.65 on Monday. The stock has a market capitalization of $55.08 billion, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 3.69 and a beta of 0.96. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. Public Storage has a 1 year low of $256.54 and a 1 year high of $335.55. The firm has a 50 day moving average of $322.34 and a 200-day moving average of $307.61.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the company earned $4.28 EPS. Public Storage’s revenue for the quarter was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, sell-side analysts anticipate that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio is presently 114.50%.

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.