Deutsche Bank AG Acquires Shares of 1,259,073 Public Storage $PSA

Deutsche Bank AG bought a new position in shares of Public Storage (NYSE:PSA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,259,073 shares of the real estate investment trust’s stock, valued at approximately $400,776,000. Deutsche Bank AG owned 0.72% of Public Storage as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bayban bought a new position in Public Storage in the 4th quarter worth approximately $26,000. Harvest Fund Management Co. Ltd bought a new stake in Public Storage during the 3rd quarter valued at $27,000. Bruce G. Allen Investments LLC lifted its position in shares of Public Storage by 89.6% during the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Wealth Watch Advisors INC bought a new position in shares of Public Storage in the third quarter worth $34,000. Finally, Raiffeisen Bank International AG boosted its holdings in shares of Public Storage by 35.2% in 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 period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the business’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 value of $463,127.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 11.10% of the stock is owned by corporate insiders.

Public Storage Price Performance

NYSE:PSA opened at $324.34 on Tuesday. Public Storage has a 52-week low of $256.54 and a 52-week high of $335.55. The stock has a fifty day moving average of $322.41 and a 200 day moving average of $305.08. 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 firm has a market capitalization of $56.96 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 3.84 and a beta of 0.96.

Public Storage (NYSE:PSA) last announced 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. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $4.28 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, research analysts expect 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. Investors of record on Tuesday, September 15th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio is 114.50%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and set a $341.00 price objective on shares of Public Storage in a report on Wednesday, April 29th. Scotiabank lifted their target price on Public Storage from $342.00 to $345.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Royal Bank Of Canada upped their price target on Public Storage from $305.00 to $318.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Evercore set a $316.00 price target on shares of Public Storage in a report on Monday, July 6th. Finally, Raymond James Financial assumed coverage on shares of Public Storage in a research report on Thursday, July 16th. They issued a “market perform” rating for the company. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $326.05.

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.