GTS Securities LLC Has $505,000 Stock Holdings in Public Storage $PSA

GTS Securities LLC decreased its stake in Public Storage (NYSE:PSA) by 51.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,586 shares of the real estate investment trust’s stock after selling 1,706 shares during the period. GTS Securities LLC’s holdings in Public Storage were worth $505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in Public Storage in the second quarter valued at approximately $5,495,077,000. Norges Bank bought a new stake in shares of Public Storage during the 4th quarter worth approximately $1,163,751,000. Capital International Investors raised its stake in shares of Public Storage by 821.4% during the 4th quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock worth $1,073,032,000 after purchasing an additional 3,686,211 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Public Storage in the 2nd quarter valued at approximately $601,650,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Public Storage in the 2nd quarter valued at approximately $558,904,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.10% of the stock is currently owned by corporate insiders.

Public Storage Trading Up 0.0%

Shares of Public Storage stock opened at $313.65 on Monday. The business has a fifty day simple moving average of $322.34 and a two-hundred day simple moving average of $307.61. Public Storage has a 1 year low of $256.54 and a 1 year high of $335.55. The company has a market capitalization of $55.08 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 3.69 and a beta of 0.96. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66.

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

Public Storage Dividend Announcement

The business 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 $3.00 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.8%. Public Storage’s dividend payout ratio is 114.50%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PSA. Raymond James Financial began coverage on shares of Public Storage in a report on Thursday, July 16th. They set a “market perform” rating on the stock. Barclays increased their price target on shares of Public Storage from $349.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. Evercore set a $316.00 price objective on shares of Public Storage in a research report on Monday, July 6th. JPMorgan Chase & Co. boosted their price objective on shares of Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Finally, BMO Capital Markets upped their target price on shares of Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Seven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $326.16.

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.