Corient Private Wealth LLC Boosts Stock Position in Public Storage $PSA

Corient Private Wealth LLC increased its holdings in Public Storage (NYSE:PSA) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,196 shares of the real estate investment trust’s stock after purchasing an additional 6,554 shares during the period. Corient Private Wealth LLC’s holdings in Public Storage were worth $17,440,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC grew its position in Public Storage by 25.3% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock worth $4,829,000 after acquiring an additional 3,763 shares in the last quarter. Barclays PLC raised its position in Public Storage by 93.8% during the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock valued at $174,165,000 after purchasing an additional 291,895 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Public Storage by 5.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust’s stock valued at $118,576,000 after purchasing an additional 25,353 shares during the period. Aster Capital Management DIFC Ltd raised its position in Public Storage by 777.1% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,605 shares of the real estate investment trust’s stock valued at $752,000 after purchasing an additional 2,308 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its stake in shares of Public Storage by 16.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 34,448 shares of the real estate investment trust’s stock valued at $9,950,000 after purchasing an additional 4,762 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Performance

Public Storage stock opened at $321.37 on Wednesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $56.42 billion, a PE ratio of 33.17, a P/E/G ratio of 4.31 and a beta of 0.98. The company has a 50 day moving average price of $307.97 and a 200-day moving average price of $291.10. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $331.79.

Public Storage (NYSE:PSA) last announced its quarterly earnings data 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 company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.Public Storage’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts forecast that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $3.00 per share. The ex-dividend date is Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 3.7%. Public Storage’s dividend payout ratio (DPR) is currently 123.84%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PSA. William Blair set a $305.00 target price on Public Storage in a report on Monday, March 16th. Mizuho increased their price target on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. BNP Paribas Exane raised their price target on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Jefferies Financial Group lifted their price objective 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, 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 issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Public Storage presently has an average rating of “Hold” and an average target price of $324.68.

Key Public Storage News

Here are the key news stories impacting Public Storage this week:

• Positive Sentiment: Public Storage announced it will acquire Public Storage Canada in a roughly $1.2 billion deal, giving it entry into major Canadian self-storage markets and adding 68 properties with room for occupancy and operating improvements. Public Storage to Acquire Public Storage Canada in Strategic Entry into Major Canadian Markets
• Positive Sentiment: Several writeups framed the Canada acquisition as a potentially attractive long-term growth driver, citing consolidation in self-storage, a high-5% going-in NOI yield, and possible efficiency gains. Can Public Storage’s $1.2B Canada Acquisition Drive Long-Term Growth?
• Positive Sentiment: Evercore raised its price target on Public Storage slightly to $318 from $317, signaling continued analyst confidence in the stock’s near-term valuation. MarketScreener
• Neutral Sentiment: One report said Public Storage Canada could be sold for about C$1.67 billion, which appears consistent with the company’s announced transaction value but does not add much new information for investors. Public Storage Canada to be sold for $1.67B
• Neutral Sentiment: Analyst commentary on Public Storage and peer Kite Realty Group was published, but the available details did not indicate a major change in outlook beyond general sector monitoring. Analysts Offer Insights on Real Estate Companies: Public Storage (PSA) and Kite Realty Group (KRG)

Insider Activity at Public Storage

In related news, insider Nathaniel A. Vitan sold 950 shares of Public Storage stock in a transaction dated 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 directly owned 1,414 shares in the company, valued at $459,281.34. The trade was a 40.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 11.10% 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.