NewEdge Wealth LLC Sells 2,322 Shares of Public Storage $PSA

NewEdge Wealth LLC lowered its holdings in shares of Public Storage (NYSE:PSA) by 73.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 830 shares of the real estate investment trust’s stock after selling 2,322 shares during the period. NewEdge Wealth LLC’s holdings in Public Storage were worth $225,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PSA. Harvest Fund Management Co. Ltd bought a new stake in shares of Public Storage in the third quarter worth $27,000. Bayban acquired a new position in Public Storage during the 4th quarter worth about $26,000. Wealth Watch Advisors INC acquired a new position in Public Storage during the 3rd quarter worth about $34,000. Raiffeisen Bank International AG grew its position 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 valued at $37,000 after buying an additional 37 shares during the last quarter. Finally, Knuff & Co LLC bought a new stake in shares of Public Storage in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Trending Headlines about Public Storage

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

• Positive Sentiment: Public Storage raised its 2026 Core FFO-per-share outlook to $16.75–$17.05, reflecting expected contributions from acquisitions and the completed National Storage Affiliates merger. The range is broadly in line with the $16.94 analyst consensus. Public Storage forecasts 2026 Core FFO
• Positive Sentiment: Second-quarter revenue increased to approximately $1.23 billion, matching estimates, while net income rose to $502.9 million from $361.4 million a year earlier. Public Storage also acquired 20 facilities during the quarter and agreed to purchase Public Storage Canada for about $1.2 billion. Public Storage raises guidance after second-quarter profit
• Positive Sentiment: The completed all-stock merger with National Storage Affiliates expands Public Storage’s platform to more than 4,500 locations and over 327 million square feet, increasing scale and potentially supporting future growth. Public Storage reports second-quarter results and raises guidance
• Neutral Sentiment: Reported EPS was $4.17, above the headline analyst estimate cited by some outlets, but the more relevant REIT measure—Core FFO—was $4.17 per share versus the $4.25 consensus and $4.28 a year earlier. Public Storage second-quarter FFO misses estimates
• Negative Sentiment: Same-store revenue fell 0.6% and same-store net operating income declined 2.2%, signaling continued pressure on rental rates, occupancy, or operating costs in the existing portfolio. Public Storage Q2 FFO misses on same-store NOI decline
• Negative Sentiment: The quarter’s Core FFO missed expectations, and the midpoint of the new annual guidance is slightly below consensus. Investors may therefore view the company’s growth as increasingly dependent on acquisitions and mergers rather than organic same-store performance.

Insider Transactions at Public Storage

In related news, insider Nathaniel A. Vitan sold 950 shares of the stock in a transaction 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 transaction, the insider directly owned 1,414 shares of the company’s stock, valued at $459,281.34. This represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PSA has been the subject of a number of analyst reports. Barclays restated an “equal weight” rating and set a $349.00 price objective on shares of Public Storage in a research report on Friday, July 10th. Jefferies Financial Group raised their price target on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Truist Financial increased their price objective on shares of Public Storage from $302.00 to $338.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Citigroup lifted their target price on shares of Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, Public Storage has an average rating of “Hold” and a consensus price target of $325.37.

Public Storage Trading Down 3.7%

Shares of PSA stock opened at $317.31 on Friday. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. 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 stock has a 50 day simple moving average of $317.35 and a two-hundred day simple moving average of $301.67. The company has a market cap of $55.70 billion, a P/E ratio of 30.28, a PEG ratio of 4.43 and a beta of 0.96.

Public Storage (NYSE:PSA) last posted its quarterly earnings results 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 firm 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 40.84% and a net margin of 41.80%.The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.12 EPS. Research analysts forecast that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $3.00 per share. 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 payout ratio is presently 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.