Jupiter Topco LLC Takes $69.46 Million Position in Public Storage $PSA

Jupiter Topco LLC purchased a new position in Public Storage (NYSE:PSA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 218,316 shares of the real estate investment trust’s stock, valued at approximately $69,461,000.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in Public Storage during the 2nd quarter worth $195,808,000. Ancora Advisors LLC purchased a new position in Public Storage in the second quarter worth $67,000. Canada Pension Plan Investment Board acquired a new stake in shares of Public Storage in the 2nd quarter worth approximately $96,288,000. Osterweis Capital Management Inc. purchased a new position in Public Storage during the 2nd quarter valued at about $6,673,000. Finally, Legal & General Group Plc purchased a new stake in Public Storage during the 2nd quarter worth about $601,650,000. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Public Storage Price Performance

Shares of Public Storage stock opened at $311.27 on Friday. The stock has a market capitalization of $54.67 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 3.74 and a beta of 0.96. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. Public Storage has a 1-year low of $256.54 and a 1-year high of $335.55. The firm has a fifty day simple moving average of $322.43 and a 200-day simple moving average of $307.43.

Public Storage (NYSE:PSA) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $4.28 earnings per share. 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, sell-side analysts expect that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio is 114.50%.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage 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 accessible through the SEC website. 11.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Mizuho raised their price target on shares of Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen raised Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup lifted their target price on Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Raymond James Financial assumed coverage on shares of Public Storage in a research note on Thursday, July 16th. They issued a “market perform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Public Storage currently has a consensus rating of “Hold” and a consensus price target of $326.16.

Public Storage 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.