2,506 Shares in Public Storage $PSA Bought by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC acquired a new stake in shares of Public Storage (NYSE:PSA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,506 shares of the real estate investment trust’s stock, valued at approximately $798,000.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in shares of Public Storage during the 2nd quarter valued at about $321,799,000. Avalon Trust Co purchased a new stake in shares of Public Storage during the 2nd quarter valued at about $63,000. Family Legacy Inc. purchased a new stake in shares of Public Storage during the 2nd quarter valued at about $995,000. Everett Harris & Co. CA bought a new position in shares of Public Storage in the 2nd quarter worth approximately $465,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Public Storage in the 2nd quarter worth approximately $2,914,000. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Down 0.8%

NYSE PSA opened at $325.99 on Friday. Public Storage has a 52 week low of $256.54 and a 52 week 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 company has a market capitalization of $57.25 billion, a P/E ratio of 31.11, a price-to-earnings-growth ratio of 3.84 and a beta of 0.96. The stock’s 50-day moving average price is $322.15 and its 200-day moving average price is $304.57.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $1.64. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $4.28 EPS. 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 year.

Public Storage Announces Dividend

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

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on PSA shares. Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup upped their target price on shares of Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. BMO Capital Markets increased their price target 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. Jefferies Financial Group lifted their price target on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings raised shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $326.05.

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.