SG Americas Securities LLC Acquires 40,380 Shares of Public Storage $PSA

SG Americas Securities LLC raised its holdings in Public Storage (NYSE:PSA) by 60.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,700 shares of the real estate investment trust’s stock after purchasing an additional 40,380 shares during the quarter. SG Americas Securities LLC’s holdings in Public Storage were worth $28,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PSA. Bayban acquired a new position in shares of Public Storage during the 4th quarter worth $26,000. Harvest Fund Management Co. Ltd acquired a new stake in Public Storage in the third quarter valued at about $27,000. Raiffeisen Bank International AG bought a new position in Public Storage in the third quarter valued at about $30,000. Wealth Watch Advisors INC bought a new position in Public Storage in the third quarter valued at about $34,000. Finally, Knuff & Co LLC acquired a new position in Public Storage during the fourth quarter worth about $38,000. 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: 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 Transactions at Public Storage

In related news, insider Nathaniel A. Vitan sold 950 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $324.81, for a total value of $308,569.50. Following the transaction, the insider 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.10% of the stock is currently owned by insiders.

Public Storage Stock Performance

Shares of PSA stock opened at $321.37 on Wednesday. The stock has a market capitalization of $56.42 billion, a PE ratio of 33.17, a PEG ratio of 4.31 and a beta of 0.98. The business’s 50 day simple moving average is $307.97 and its 200 day simple moving average is $291.10. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. Public Storage has a one year low of $256.54 and a one year high of $331.79.

Public Storage (NYSE:PSA) last released 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. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $4.12 EPS. The company’s revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, research analysts forecast that Public Storage will post 16.94 earnings per share for the current 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 paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is currently 123.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a report on Monday, June 15th. Citigroup upped their price objective on shares of Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, Evercore boosted their target price on shares of Public Storage from $317.00 to $318.00 in a research note on Tuesday. One 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $324.68.

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.