Diversify Advisory Services LLC Invests $2.06 Million in Public Storage $PSA

Diversify Advisory Services LLC acquired a new stake in shares of Public Storage (NYSE:PSA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,371 shares of the real estate investment trust’s stock, valued at approximately $2,064,000.

Other hedge funds also recently bought and sold shares of the company. Oxbow Advisors LLC bought a new stake in Public Storage during the second quarter valued at about $210,000. Investmark Advisory Group LLC bought a new position in shares of Public Storage in the second quarter worth about $293,000. Wealthfront Advisers LLC bought a new position in shares of Public Storage in the second quarter worth about $9,472,000. Navigoe LLC bought a new position in shares of Public Storage in the second quarter worth about $63,000. Finally, Meeder Advisory Services Inc. purchased a new stake in shares of Public Storage during the second quarter worth about $1,092,000. Institutional investors own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PSA shares. Barclays reissued an “equal weight” rating and issued a $349.00 price target on shares of Public Storage in a report on Friday, July 10th. UBS Group boosted their target price on shares of Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Raymond James Financial began coverage on shares of Public Storage in a research report on Thursday, July 16th. They set a “market perform” rating for the company. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, BMO Capital Markets raised their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, Public Storage presently has an average rating of “Hold” and an average target price of $326.11.

Insider Buying and Selling

In related 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 transaction of $463,127.42. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.10% of the company’s stock.

Public Storage Stock Performance

NYSE PSA opened at $323.95 on Wednesday. The business’s 50 day moving average price is $322.44 and its 200-day moving average price is $305.43. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The company has a market cap of $56.89 billion, a P/E ratio of 30.91, a P/E/G ratio of 3.84 and a beta of 0.96. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66.

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

Public Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. Public Storage’s payout ratio is currently 114.50%.

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.