Meeder Advisory Services Inc. Purchases New Holdings in Public Storage $PSA

Meeder Advisory Services Inc. purchased 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 (SEC). The institutional investor purchased 3,432 shares of the real estate investment trust’s stock, valued at approximately $1,092,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its holdings in shares of Public Storage by 13.3% during the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 373 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Public Storage in the second quarter valued at about $929,000. Nebula Research & Development LLC acquired a new position in Public Storage in the second quarter valued at about $1,113,000. Treasurer of the State of North Carolina lifted its position in 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 position in Public Storage by 219.8% during the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after purchasing an additional 33,122 shares during the period. Institutional investors own 78.79% of the company’s stock.

Wall Street Analyst Weigh In

PSA has been the topic of several recent analyst reports. BMO Capital Markets raised their target price on shares of Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Raymond James Financial began coverage on shares of Public Storage in a report on Thursday, July 16th. They set a “market perform” rating for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $341.00 price target on shares of Public Storage in a research report on Wednesday, April 29th. Scotiabank lifted their price objective on shares of Public Storage from $345.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, BNP Paribas Exane boosted their price objective on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $326.16.

Insider Transactions at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is currently owned by corporate insiders.

Public Storage Stock Performance

NYSE:PSA opened at $325.37 on Thursday. The stock’s 50-day simple moving average is $322.45 and its 200 day simple moving average is $305.77. The firm has a market capitalization of $57.14 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 3.81 and a beta of 0.96. 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.

Public Storage (NYSE:PSA) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping the consensus estimate of $2.53 by $1.64. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, analysts anticipate that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Dividend Announcement

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 issued 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 dividend yield of 3.7%. Public Storage’s payout ratio is 114.50%.

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.