Deutsche Bank AG Makes New Investment in Public Storage $PSA

Deutsche Bank AG acquired a new position in Public Storage (NYSE:PSA) in the second quarter, Holdings Channel.com reports. The firm acquired 1,259,073 shares of the real estate investment trust’s stock, valued at approximately $400,776,000.

Several other institutional investors have also recently modified their holdings of PSA. Empowered Funds LLC raised its stake in shares of Public Storage by 13.3% during the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after acquiring an additional 373 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Public Storage in the 2nd quarter valued at $929,000. Nebula Research & Development LLC bought a new position in shares of Public Storage during the 2nd quarter valued at $1,113,000. Treasurer of the State of North Carolina grew its holdings in shares of Public Storage by 1.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock valued at $21,647,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Public Storage by 219.8% during the 2nd quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock valued at $14,140,000 after purchasing an additional 33,122 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors.

Public Storage Stock Performance

Public Storage stock opened at $324.34 on Tuesday. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. The stock’s 50 day moving average is $322.41 and its 200 day moving average is $305.08. The company has a market capitalization of $56.96 billion, a P/E ratio of 30.95, a PEG ratio of 3.84 and a beta of 0.96.

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

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio (DPR) is presently 114.50%.

Insider Buying and Selling

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on PSA shares. Barclays reissued an “equal weight” rating and issued a $349.00 price target on shares of Public Storage in a research note on Friday, July 10th. Mizuho lifted their price objective on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. boosted their target price on Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. BMO Capital Markets increased their target price on Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $341.00 target price on shares of Public Storage in a report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $326.05.

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.