Trajan Wealth LLC Purchases Shares of 25,659 Public Storage $PSA

Trajan Wealth LLC acquired a new position in shares of Public Storage (NYSE:PSA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,659 shares of the real estate investment trust’s stock, valued at approximately $8,167,000.

Other large investors also recently made changes to their positions in the company. Bayban acquired a new position in Public Storage during the fourth quarter worth $26,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage during the third quarter valued at about $27,000. Bruce G. Allen Investments LLC grew its holdings in shares of Public Storage by 89.6% during 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 during the last quarter. Wealth Watch Advisors INC bought a new stake in shares of Public Storage during the third quarter worth about $34,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Public Storage during the second quarter worth about $36,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.10% of the company’s stock.

Public Storage Stock Up 0.8%

Public Storage stock opened at $324.95 on Tuesday. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The stock has a market cap of $57.07 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. The firm’s 50-day simple moving average is $322.42 and its 200 day simple moving average is $306.78. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. The business had revenue of $1.23 billion during 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 firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Research analysts predict that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be issued 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 is currently 114.50%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PSA. Jefferies Financial Group raised their price target on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Mizuho boosted their price objective on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. BNP Paribas Exane increased their price objective on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Truist Financial raised their target price on Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Raymond James Financial assumed coverage on Public Storage in a research report on Thursday, July 16th. They set a “market perform” rating on the stock. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Public Storage currently has an average rating of “Hold” and an average target price 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.