Public Storage $PSA Shares Newly Purchased by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC purchased a new position in shares of Public Storage (NYSE:PSA) during the third quarter, Holdings Channel reports. The firm purchased 2,330 shares of the real estate investment trust’s stock, valued at approximately $659,000.

A number of other hedge funds have also recently added to or reduced their stakes in PSA. Hsbc Holdings PLC acquired a new position in Public Storage during the 2nd quarter worth approximately $195,808,000. Nykredit A S acquired a new stake in Public Storage in the second quarter valued at $17,378,000. PensionDanmark Pensionsforsikringsaktieselskab increased its position in shares of Public Storage by 15.6% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 26,610 shares of the real estate investment trust’s stock valued at $8,470,000 after buying an additional 3,588 shares in the last quarter. Greenland Capital Management LP increased its position in shares of Public Storage by 300.0% in the second quarter. Greenland Capital Management LP now owns 6,600 shares of the real estate investment trust’s stock valued at $2,101,000 after buying an additional 4,950 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Public Storage by 25.3% in the second quarter. Benjamin Edwards Inc. now owns 16,577 shares of the real estate investment trust’s stock valued at $5,277,000 after buying an additional 3,343 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Key Public Storage News

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

• Positive Sentiment: Core funds from operations (FFO) came in at $4.34 per share, above the Zacks consensus estimate of $4.27 and up from $4.31 a year earlier. Reported revenue of $1.37 billion also exceeded the $1.34 billion estimate. Public Storage Surpasses Q3 FFO and Revenue Estimates
• Positive Sentiment: Management raised its full-year 2026 guidance, while coverage highlighted reduced customer churn. These developments suggest improving operating stability and support the company’s earnings outlook. Public Storage Q3 Earnings Grow Amid Reduced Churn, Guidance Raised
• Positive Sentiment: Large acquisitions helped drive an 89% earnings-per-share beat against the broader consensus figure cited in the coverage, indicating that portfolio expansion materially supported quarterly results. Public Storage Q3 2026 Big Acquisitions Drive an 89% EPS Beat
• Neutral Sentiment: Revenue increased only 0.5% year over year, suggesting limited top-line growth even as acquisitions and operating improvements supported FFO. Public Storage Reports Earnings Results
• Negative Sentiment: Net income fell to $1.69 per share from $2.62 a year earlier, a 35.5% decline. The sharp drop in GAAP earnings may be weighing on sentiment despite stronger FFO and raised guidance. Public Storage Reports Third Quarter 2026 Results and Raises Guidance

Public Storage Stock Performance

NYSE PSA opened at $306.94 on Tuesday. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The stock has a market cap of $53.90 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 4.63 and a beta of 0.94. The business has a fifty day moving average of $299.87 and a 200-day moving average of $301.75. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $4.34 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $1.85. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $4.31 earnings per share. As a group, analysts predict that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th were paid a $3.00 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $12.00 annualized dividend and a yield of 3.9%. Public Storage’s payout ratio is presently 114.50%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PSA shares. UBS Group reaffirmed a “neutral” rating on shares of Public Storage in a research note on Tuesday. Evercore set a $308.00 target price on shares of Public Storage in a research report on Monday, September 21st. Weiss Ratings cut shares of Public Storage from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of Public Storage from $338.00 to $330.00 and set a “neutral” rating on the stock in a report on Monday, September 21st. Finally, Truist Financial started coverage on shares of Public Storage in a research report on Friday, October 2nd. They issued a “buy” rating and a $317.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $323.42.

Insider Transactions at Public Storage

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

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.