EP Wealth Advisors LLC Invests $1.22 Million in Public Storage $PSA

EP Wealth Advisors LLC acquired a new stake in Public Storage (NYSE:PSA) in the 2nd quarter, Holdings Channel reports. The fund acquired 3,820 shares of the real estate investment trust’s stock, valued at approximately $1,216,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bayban acquired a new stake in shares of Public Storage during the fourth quarter worth about $26,000. Harvest Fund Management Co. Ltd acquired a new stake in Public Storage during the third quarter valued at $27,000. Bruce G. Allen Investments LLC increased its stake in shares of Public Storage by 89.6% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of Public Storage in the third quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. purchased a new stake in Public Storage in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Stock Up 0.1%

Shares of NYSE:PSA opened at $322.76 on Monday. The firm has a market capitalization of $56.68 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. Public Storage has a 1 year low of $256.54 and a 1 year high of $335.55. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. The firm’s 50-day moving average is $322.35 and its two-hundred day moving average is $306.46.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, beating the consensus estimate of $2.53 by $1.64. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Analysts predict that Public Storage will post 16.93 EPS for the current 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 $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 11.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Evercore set a $316.00 target price on Public Storage in a report on Monday, July 6th. BNP Paribas Exane raised their price objective on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. UBS Group lifted their target price on shares of Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Jefferies Financial Group boosted their target price on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada increased their price target on shares of Public Storage from $305.00 to $318.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $326.16.

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.