Weaver Capital Management LLC Has $2.28 Million Stock Holdings in Public Storage $PSA

Weaver Capital Management LLC lifted its holdings in Public Storage (NYSE:PSA) by 33.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,424 shares of the real estate investment trust’s stock after buying an additional 2,118 shares during the quarter. Weaver Capital Management LLC’s holdings in Public Storage were worth $2,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sara Bay Financial bought a new position in shares of Public Storage in the first quarter worth about $288,000. Baker Ellis Asset Management LLC grew its stake in shares of Public Storage by 3.1% during the first quarter. Baker Ellis Asset Management LLC now owns 18,212 shares of the real estate investment trust’s stock valued at $4,933,000 after purchasing an additional 550 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Public Storage by 60.9% in the first quarter. SG Americas Securities LLC now owns 106,700 shares of the real estate investment trust’s stock valued at $28,903,000 after purchasing an additional 40,380 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of Public Storage in the first quarter valued at approximately $231,000. Finally, Quotient Wealth Partners LLC increased its holdings in shares of Public Storage by 16.2% in the first quarter. Quotient Wealth Partners LLC now owns 1,107 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage News Summary

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

• Positive Sentiment: Public Storage announced it will acquire Public Storage Canada in a roughly $1.2 billion deal, giving it entry into major Canadian self-storage markets and adding 68 properties with room for occupancy and operating improvements. Public Storage to Acquire Public Storage Canada in Strategic Entry into Major Canadian Markets
• Positive Sentiment: Several writeups framed the Canada acquisition as a potentially attractive long-term growth driver, citing consolidation in self-storage, a high-5% going-in NOI yield, and possible efficiency gains. Can Public Storage’s $1.2B Canada Acquisition Drive Long-Term Growth?
• Positive Sentiment: Evercore raised its price target on Public Storage slightly to $318 from $317, signaling continued analyst confidence in the stock’s near-term valuation. MarketScreener
• Neutral Sentiment: One report said Public Storage Canada could be sold for about C$1.67 billion, which appears consistent with the company’s announced transaction value but does not add much new information for investors. Public Storage Canada to be sold for $1.67B
• Neutral Sentiment: Analyst commentary on Public Storage and peer Kite Realty Group was published, but the available details did not indicate a major change in outlook beyond general sector monitoring. Analysts Offer Insights on Real Estate Companies: Public Storage (PSA) and Kite Realty Group (KRG)

Analysts Set New Price Targets

Several research analysts have issued reports on PSA shares. Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. JPMorgan Chase & Co. lifted their target price on Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Scotiabank boosted their target price on Public Storage from $340.00 to $342.00 and gave the stock a “sector outperform” rating in a research report on Thursday, June 18th. UBS Group restated a “neutral” rating on shares of Public Storage in a research report on Monday. Finally, Royal Bank Of Canada upped their price target on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $324.68.

Public Storage Trading Up 0.4%

PSA opened at $321.37 on Wednesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $56.42 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 4.31 and a beta of 0.98. The firm has a 50 day simple moving average of $307.97 and a 200 day simple moving average of $291.10. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $331.79.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business posted $4.12 earnings per share. Public Storage’s revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. On average, sell-side analysts anticipate that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. Public Storage’s dividend payout ratio is 123.84%.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the transaction, the insider directly owned 1,414 shares in the company, valued at $459,281.34. This trade represents a 40.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.10% of the stock is currently owned by company insiders.

Public Storage 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.