Diversify Wealth Management LLC Acquires 2,693 Shares of Public Storage $PSA

Diversify Wealth Management LLC increased its stake in Public Storage (NYSE:PSA) by 279.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 3,655 shares of the real estate investment trust’s stock after buying an additional 2,693 shares during the quarter. Diversify Wealth Management LLC’s holdings in Public Storage were worth $1,075,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PSA. Harvest Fund Management Co. Ltd purchased a new position in Public Storage in the third quarter valued at about $27,000. Bayban purchased a new stake in shares of Public Storage during the 4th quarter worth approximately $26,000. Wealth Watch Advisors INC bought a new stake in shares of Public Storage in the 3rd quarter worth approximately $34,000. Raiffeisen Bank International AG raised its holdings in shares of Public Storage by 35.2% in the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 37 shares during the period. Finally, Knuff & Co LLC bought a new stake in shares of Public Storage in the 4th quarter worth approximately $38,000. Institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Evercore set a $316.00 target price on Public Storage in a research note on Monday, July 6th. UBS Group upped their price target on Public Storage from $314.00 to $326.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Mizuho lifted their price objective on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Citigroup boosted their price objective on Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, Public Storage currently has a consensus rating of “Hold” and a consensus price target of $325.37.

Insider Buying and Selling

In related news, insider Nathaniel A. Vitan sold 950 shares of the company’s 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 sale, the insider owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. This represents a 40.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Public Storage Price Performance

Shares of NYSE PSA opened at $314.68 on Thursday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $331.79. The stock has a market cap of $55.24 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 4.29 and a beta of 0.96. The stock has a fifty day moving average of $313.82 and a 200-day moving average of $297.33.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business 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%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts anticipate that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is 123.84%.

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.