Raiffeisen Bank International AG Purchases 5,281 Shares of Public Storage $PSA

Raiffeisen Bank International AG increased its holdings in shares of Public Storage (NYSE:PSA) by 153.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,726 shares of the real estate investment trust’s stock after buying an additional 5,281 shares during the quarter. Raiffeisen Bank International AG’s holdings in Public Storage were worth $2,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSA. Empowered Funds LLC grew its stake in Public Storage by 13.3% in the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock valued at $954,000 after acquiring an additional 373 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Public Storage in the second quarter worth about $929,000. Nebula Research & Development LLC acquired a new stake in shares of Public Storage during the second quarter worth about $1,113,000. Treasurer of the State of North Carolina raised its position in shares of Public Storage by 1.9% during the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock worth $21,647,000 after purchasing an additional 1,390 shares during the period. Finally, Ieq Capital LLC lifted its holdings in shares of Public Storage by 219.8% during the 2nd quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock valued at $14,140,000 after purchasing an additional 33,122 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 transaction of $463,127.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is owned by company insiders.

Analyst Ratings Changes

PSA has been the subject of several research analyst reports. Raymond James Financial assumed coverage on Public Storage in a research report on Thursday, July 16th. They issued a “market perform” rating for the company. Royal Bank Of Canada boosted their price objective on shares of Public Storage from $305.00 to $318.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Barclays upped their target price on shares of Public Storage from $349.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Wells Fargo & Company set a $311.00 target price on Public Storage in a report on Tuesday. Finally, Mizuho lifted their price target on Public Storage from $316.00 to $319.00 and gave the company a “neutral” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $327.00.

Public Storage Price Performance

Shares of PSA opened at $301.83 on Friday. The company has a quick ratio of 0.66, a current 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 stock has a market capitalization of $53.01 billion, a P/E ratio of 28.80, a P/E/G ratio of 4.16 and a beta of 0.95. The company has a 50 day moving average of $320.62 and a 200-day moving average of $307.81.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $4.28 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities research analysts forecast that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be given 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 4.0%. Public Storage’s payout ratio is 114.50%.

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.