Public Storage (NYSE:PSA) Given Average Recommendation of “Hold” by Analysts

Shares of Public Storage (NYSE:PSA) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. Fourteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $325.3684.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Evercore set a $316.00 price objective on Public Storage in a research note on Monday, July 6th. BMO Capital Markets lifted their price objective on Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research report on Monday, June 15th. Finally, BNP Paribas Exane raised their target price on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd.

Public Storage Trading Down 1.9%

Public Storage stock opened at $318.33 on Tuesday. Public Storage has a 52-week low of $256.54 and a 52-week high of $331.79. The company has a market cap of $55.88 billion, a P/E ratio of 32.85, a P/E/G ratio of 4.28 and a beta of 0.96. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The business has a 50-day simple moving average of $314.27 and a two-hundred day simple moving average of $297.92.

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

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Insider Buying and Selling at Public Storage

In related news, insider Nathaniel A. Vitan sold 950 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $324.81, for a total value of $308,569.50. Following the completion of the transaction, the insider owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. This represents a 40.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On Public Storage

Several large investors have recently made changes to their positions in PSA. Bayban bought a new stake in Public Storage during the 4th quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Public Storage during the third quarter valued at approximately $27,000. Wealth Watch Advisors INC purchased a new position in shares of Public Storage in the third quarter worth $34,000. Raiffeisen Bank International AG boosted its position in shares of Public Storage by 35.2% during the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 37 shares during the last quarter. Finally, Knuff & Co LLC bought a new position in shares of Public Storage during the fourth quarter worth $38,000. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

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.