Trust Co. of Vermont Acquires New Shares in Public Storage $PSA

Trust Co. of Vermont acquired a new position in shares of Public Storage (NYSE:PSA) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,493 shares of the real estate investment trust’s stock, valued at approximately $794,000.

A number of other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC increased its position in shares of Public Storage by 89.6% in the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 43 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Public Storage in the 3rd quarter worth about $27,000. Bayban purchased a new stake in shares of Public Storage in the 4th quarter worth about $26,000. Wealth Watch Advisors INC acquired a new stake in Public Storage in the 3rd quarter valued at about $34,000. Finally, Raiffeisen Bank International AG grew its stake in 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 acquiring an additional 37 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.10% of the stock is owned by corporate insiders.

Public Storage Stock Down 0.1%

PSA stock opened at $323.95 on Wednesday. The company has a 50 day moving average price of $322.44 and a two-hundred day moving average price of $305.43. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $56.89 billion, a P/E ratio of 30.91, a PEG ratio of 3.84 and a beta of 0.96. Public Storage has a one year low of $256.54 and a one year high of $335.55.

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

Public Storage Dividend Announcement

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

Analysts Set New Price Targets

PSA has been the subject of a number of research reports. BMO Capital Markets lifted their target price on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. Royal Bank Of Canada increased their price target on shares of Public Storage from $305.00 to $318.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Barclays reissued an “equal weight” rating and set a $349.00 price objective on shares of Public Storage in a research note on Friday, July 10th. JPMorgan Chase & Co. lifted their price objective on Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Finally, BNP Paribas Exane upped their target price on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $326.11.

About Public Storage

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.