Pacer Advisors Inc. Purchases 2,999 Shares of Public Storage $PSA

Pacer Advisors Inc. grew its position in shares of Public Storage (NYSE:PSA) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,832 shares of the real estate investment trust’s stock after purchasing an additional 2,999 shares during the period. Pacer Advisors Inc.’s holdings in Public Storage were worth $19,938,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PSA. Harvest Fund Management Co. Ltd purchased a new stake in shares of Public Storage in the third quarter worth $27,000. Raiffeisen Bank International AG purchased a new position in Public Storage during the third quarter worth about $30,000. Wealth Watch Advisors INC purchased a new position in Public Storage during the third quarter worth about $34,000. Knuff & Co LLC bought a new position in Public Storage in the 4th quarter worth about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Public Storage by 2,940.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 147 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PSA shares. Scotiabank lifted their price target on Public Storage from $340.00 to $342.00 and gave the company a “sector outperform” rating in a research report on Thursday. William Blair set a $305.00 price objective on shares of Public Storage in a research report on Monday, March 16th. BMO Capital Markets raised their target price on shares of Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Weiss Ratings raised shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Finally, Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $323.53.

Public Storage Trading Up 0.0%

NYSE PSA opened at $318.12 on Friday. The stock’s 50-day simple moving average is $306.88 and its two-hundred day simple moving average is $290.33. Public Storage has a twelve month low of $256.54 and a twelve month high of $331.79. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $55.85 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 4.33 and a beta of 0.98.

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

Public Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.8%. Public Storage’s payout ratio is presently 123.84%.

Insider Transactions at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of the company’s 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 completion of the sale, the insider owned 1,414 shares of the company’s stock, valued at $459,281.34. This represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.10% of the stock is currently owned by corporate insiders.

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.