NewEdge Wealth LLC Sells 2,322 Shares of Public Storage $PSA

NewEdge Wealth LLC lowered its position in shares of Public Storage (NYSE:PSA) by 73.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 830 shares of the real estate investment trust’s stock after selling 2,322 shares during the quarter. NewEdge Wealth LLC’s holdings in Public Storage were worth $225,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Public Storage in the 4th quarter worth about $1,163,751,000. Capital International Investors boosted its stake in shares of Public Storage by 821.4% in the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock valued at $1,073,032,000 after buying an additional 3,686,211 shares during the period. Vanguard Group Inc. grew its position in Public Storage by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after buying an additional 2,274,397 shares in the last quarter. First Trust Advisors LP grew its position in Public Storage by 287.7% during the fourth quarter. First Trust Advisors LP now owns 721,588 shares of the real estate investment trust’s stock worth $187,252,000 after buying an additional 535,465 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Public Storage by 498.7% during the 2nd quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after acquiring an additional 481,872 shares during the period. Institutional investors own 78.79% of the company’s stock.

Insider Buying and Selling at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $324.81, for a total transaction of $308,569.50. Following the sale, the insider owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. The trade was a 40.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 11.10% of the company’s stock.

Key Stories Impacting Public Storage

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

• Positive Sentiment: Public Storage raised its 2026 Core FFO-per-share outlook to $16.75–$17.05, reflecting expected contributions from acquisitions and the completed National Storage Affiliates merger. The range is broadly in line with the $16.94 analyst consensus. Public Storage forecasts 2026 Core FFO
• Positive Sentiment: Second-quarter revenue increased to approximately $1.23 billion, matching estimates, while net income rose to $502.9 million from $361.4 million a year earlier. Public Storage also acquired 20 facilities during the quarter and agreed to purchase Public Storage Canada for about $1.2 billion. Public Storage raises guidance after second-quarter profit
• Positive Sentiment: The completed all-stock merger with National Storage Affiliates expands Public Storage’s platform to more than 4,500 locations and over 327 million square feet, increasing scale and potentially supporting future growth. Public Storage reports second-quarter results and raises guidance
• Neutral Sentiment: Reported EPS was $4.17, above the headline analyst estimate cited by some outlets, but the more relevant REIT measure—Core FFO—was $4.17 per share versus the $4.25 consensus and $4.28 a year earlier. Public Storage second-quarter FFO misses estimates
• Negative Sentiment: Same-store revenue fell 0.6% and same-store net operating income declined 2.2%, signaling continued pressure on rental rates, occupancy, or operating costs in the existing portfolio. Public Storage Q2 FFO misses on same-store NOI decline
• Negative Sentiment: The quarter’s Core FFO missed expectations, and the midpoint of the new annual guidance is slightly below consensus. Investors may therefore view the company’s growth as increasingly dependent on acquisitions and mergers rather than organic same-store performance.

Public Storage Stock Down 3.7%

Shares of NYSE PSA opened at $317.31 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The company has a market cap of $55.70 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 4.43 and a beta of 0.96. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The stock has a 50-day moving average price of $317.35 and a two-hundred day moving average price of $301.67.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.84%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $4.12 EPS. As a group, analysts forecast that Public Storage will post 16.94 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $3.00 dividend. The ex-dividend date was Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.8%. Public Storage’s dividend payout ratio (DPR) is currently 123.84%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Mizuho upped their target price on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. UBS Group boosted their price target on Public Storage from $314.00 to $326.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. increased their price objective on shares of Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Truist Financial raised their target price on shares of Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, BMO Capital Markets upped their price target on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a report on Monday, June 15th. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $325.37.

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.