Public Storage $PSA Shares Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems increased its stake in shares of Public Storage (NYSE:PSA) by 20.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 11,933 shares of the real estate investment trust’s stock after acquiring an additional 2,017 shares during the period. Kentucky Retirement Systems’ holdings in Public Storage were worth $3,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Bayban acquired a new stake in shares of Public Storage in the 4th quarter worth about $26,000. Harvest Fund Management Co. Ltd acquired a new position in Public Storage during the 3rd quarter valued at about $27,000. Wealth Watch Advisors INC acquired a new position in Public Storage during the 3rd quarter valued at about $34,000. Raiffeisen Bank International AG boosted its stake in Public Storage by 35.2% during the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 37 shares during the period. Finally, Knuff & Co LLC bought a new position in Public Storage in the 4th quarter worth about $38,000. 78.79% of the stock is owned by institutional investors and hedge funds.

Public Storage Price Performance

NYSE PSA opened at $317.31 on Friday. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The firm has a market capitalization of $55.70 billion, a PE ratio of 30.28, a P/E/G ratio of 4.43 and a beta of 0.96. The company’s 50 day simple moving average is $317.35 and its 200 day simple moving average is $301.67. 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 (NYSE:PSA) last released its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 40.84% and a net margin of 41.80%.The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $4.12 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities research analysts forecast that Public Storage will post 16.94 EPS for the current fiscal year.

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued 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 payout ratio is presently 123.84%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial raised their price target on shares of Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Raymond James Financial assumed coverage on Public Storage in a research report on Thursday, July 16th. They set a “market perform” rating for the company. Citigroup increased their price objective on Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. BMO Capital Markets raised their target price on Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research report on Monday, June 15th. Finally, Royal Bank Of Canada lifted their target price on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $325.37.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 950 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $324.81, for a total transaction of $308,569.50. Following the completion of the sale, the insider owned 1,414 shares in the company, valued at approximately $459,281.34. This represents a 40.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Key Public Storage News

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.

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.