12,754 Shares in Public Storage $PSA Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Public Storage (NYSE:PSA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,754 shares of the real estate investment trust’s stock, valued at approximately $4,060,000.

Several other institutional investors also recently bought and sold shares of the business. V Square Quantitative Management LLC increased its position in shares of Public Storage by 2.2% in the first quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 34 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in shares of Public Storage by 2.6% during the 1st quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Public Storage by 1.7% during the 4th 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 buying an additional 37 shares in the last quarter. Raiffeisen Bank International AG grew its stake in 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 valued at $37,000 after acquiring an additional 37 shares during the period. Finally, Chesapeake Capital Corp IL grew its stake in Public Storage by 1.3% in the 2nd quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock valued at $953,000 after acquiring an additional 38 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

Public Storage Stock Down 0.6%

NYSE PSA opened at $323.27 on Friday. The business has a fifty day moving average price of $322.41 and a 200 day moving average price of $306.11. Public Storage has a one year low of $256.54 and a one year high of $335.55. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $56.77 billion, a P/E ratio of 30.85, a P/E/G ratio of 3.83 and a beta of 0.96.

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

Public Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a $3.00 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. Public Storage’s dividend payout ratio is 114.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PSA shares. UBS Group boosted their price target on shares of Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Raymond James Financial initiated coverage on shares of Public Storage in a research note on Thursday, July 16th. They set a “market perform” rating for the company. BNP Paribas Exane upped their price target on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $326.16.

Insider Activity

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

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.