MSH Capital Advisors LLC Takes $565,000 Position in Public Storage $PSA

MSH Capital Advisors LLC acquired a new position in shares of Public Storage (NYSE:PSA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,774 shares of the real estate investment trust’s stock, valued at approximately $565,000.

A number of other large investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC raised its holdings in 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 acquiring an additional 43 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Public Storage during the 3rd quarter worth approximately $27,000. Bayban acquired a new position in Public Storage during the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Public Storage in the 2nd quarter valued at approximately $36,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Public Storage in the 3rd quarter valued at approximately $34,000. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.10% of the stock is currently owned by company insiders.

Public Storage Stock Up 0.7%

PSA stock opened at $325.37 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55. The company’s 50 day moving average is $322.45 and its two-hundred day moving average is $305.77. The stock has a market cap of $57.14 billion, a P/E ratio of 31.05, a PEG ratio of 3.81 and a beta of 0.96.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm earned $4.28 EPS. The company’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. Research analysts expect that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Announces Dividend

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 given a $3.00 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. Public Storage’s payout ratio is 114.50%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $341.00 price objective on shares of Public Storage in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Barclays raised their price target on Public Storage from $349.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group lifted their price target on Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Mizuho upped their price objective on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $326.16.

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.