Winmill & CO. Inc. Takes $541,000 Position in Public Storage $PSA

Winmill & CO. Inc. bought a new stake in Public Storage (NYSE:PSA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,700 shares of the real estate investment trust’s stock, valued at approximately $541,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSA. BlackRock Inc. purchased a new position in shares of Public Storage in the 2nd quarter valued at about $5,495,077,000. Norges Bank acquired a new position in shares of Public Storage during the fourth quarter worth about $1,163,751,000. Capital International Investors grew its position in shares of Public Storage by 821.4% during the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock worth $1,073,032,000 after buying an additional 3,686,211 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Public Storage during the second quarter worth approximately $558,904,000. 78.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Public Storage

In other 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 transaction of $463,127.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.10% of the company’s stock.

Public Storage Trading Up 0.1%

PSA opened at $322.76 on Monday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. Public Storage has a one year low of $256.54 and a one year high of $335.55. The company has a market cap of $56.68 billion, a P/E ratio of 30.80, a PEG ratio of 3.80 and a beta of 0.96. The business’s 50-day simple moving average is $322.35 and its 200-day simple moving average is $306.46.

Public Storage (NYSE:PSA) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share 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 analysts’ expectations of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities research analysts expect that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Announces Dividend

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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. Public Storage’s dividend payout ratio (DPR) is presently 114.50%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of Public Storage from $345.00 to $346.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 18th. Raymond James Financial began coverage on shares of Public Storage in a research report on Thursday, July 16th. They issued a “market perform” rating on the stock. BMO Capital Markets raised their price objective 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. Weiss Ratings upgraded shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Finally, Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Seven equities research 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 stock presently 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.