Public Employees Retirement System of Ohio Acquires New Position in Public Storage $PSA

Public Employees Retirement System of Ohio acquired a new stake in shares of Public Storage (NYSE:PSA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 249,069 shares of the real estate investment trust’s stock, valued at approximately $79,281,000.

Several other large investors have also bought and sold shares of PSA. Bruce G. Allen Investments LLC lifted its stake in shares of Public Storage by 89.6% in the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 43 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Public Storage during the third quarter valued at approximately $27,000. Bayban bought a new position in Public Storage in the 4th quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new stake in Public Storage during the 2nd quarter valued at $36,000. Finally, Wealth Watch Advisors INC purchased a new stake in Public Storage during the 3rd quarter valued at $34,000. 78.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PSA has been the subject of a number of research analyst reports. Mizuho lifted their target price on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Barclays lifted their price objective on Public Storage from $349.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Jefferies Financial Group upped their target price on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Evercore set a $316.00 price objective on shares of Public Storage in a report on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Public Storage has a consensus rating of “Hold” and an average target price of $326.16.

Public Storage Price Performance

PSA stock opened at $311.27 on Friday. Public Storage has a one year low of $256.54 and a one year high of $335.55. The company’s fifty day moving average price is $322.43 and its 200-day moving average price is $307.43. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $54.67 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 3.74 and a beta of 0.96.

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

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend 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.