Public Storage $PSA Stock Bought by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in shares of Public Storage (NYSE:PSA) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,003 shares of the real estate investment trust’s stock after purchasing an additional 2,004 shares during the period. ProShare Advisors LLC’s holdings in Public Storage were worth $8,769,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vise Technologies Inc. raised its stake in shares of Public Storage by 34.9% in the third quarter. Vise Technologies Inc. now owns 2,903 shares of the real estate investment trust’s stock worth $821,000 after buying an additional 751 shares during the period. Cidel Asset Management Inc. purchased a new position in shares of Public Storage during the 3rd quarter valued at about $220,000. Aprio Wealth Management LLC grew its stake in shares of Public Storage by 17.7% during the 3rd quarter. Aprio Wealth Management LLC now owns 2,532 shares of the real estate investment trust’s stock valued at $716,000 after acquiring an additional 380 shares during the period. Modera Wealth Management LLC bought a new position in shares of Public Storage during the 3rd quarter valued at approximately $651,000. Finally, Peak Financial Advisors LLC bought a new position in shares of Public Storage during the 3rd quarter valued at approximately $452,000. Institutional investors own 78.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PSA. Raymond James Financial assumed coverage on shares of Public Storage in a research note on Thursday, July 16th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. dropped their price target on shares of Public Storage from $338.00 to $330.00 and set a “neutral” rating for the company in a research report on Monday, September 21st. Scotiabank dropped their price target on shares of Public Storage from $346.00 to $343.00 and set a “sector outperform” rating for the company in a research report on Wednesday, September 2nd. Barclays increased their price objective on shares of Public Storage from $350.00 to $351.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 10th. Finally, Evercore set a $308.00 price objective on shares of Public Storage in a research report on Monday, September 21st. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $325.79.

Trending Headlines about Public Storage

Here are the key news stories impacting Public Storage this week:

• Positive Sentiment: Public Storage declared a fourth-quarter dividend of $3.00 per share, payable January 8, 2027, to shareholders of record December 15. The annualized dividend is $12.00 per share, a yield of about 3.5%. Public Storage Declares Fourth Quarter 2026 Dividends
• Positive Sentiment: PSA recently reached a new 52-week high, indicating strong share-price momentum. Public Storage Reaches a New 52-Week High
• Negative Sentiment: UBS raised its price target to $334 from $294 but kept a “neutral” rating. With PSA trading above that target, the analyst’s view points to limited near-term upside and possible pressure on the shares. UBS Adjusts Price Target on Public Storage

Insider Activity

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the business’s stock in a transaction on 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 filing with the SEC, which is available at the SEC website. 11.10% of the stock is currently owned by insiders.

Public Storage Stock Performance

NYSE:PSA opened at $342.56 on Thursday. The stock has a 50-day moving average price of $299.62 and a 200 day moving average price of $303.53. The stock has a market capitalization of $64.00 billion, a P/E ratio of 35.87, a P/E/G ratio of 4.93 and a beta of 0.89. Public Storage has a 12-month low of $256.54 and a 12-month high of $343.63. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.80). Public Storage had a return on equity of 29.93% and a net margin of 37.76%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the firm posted $4.31 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts forecast that Public Storage will post 16.97 EPS for the current fiscal year.

Public Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Tuesday, December 15th will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, December 15th. This represents a $12.00 annualized dividend and a dividend yield of 3.5%. Public Storage’s dividend payout ratio (DPR) is presently 125.65%.

About Public Storage

Public Storage (NYSE: PSA) is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.