Triton Financial Group Inc Purchases New Stake in Public Storage $PSA

Triton Financial Group Inc acquired a new position in shares of Public Storage (NYSE:PSA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,813 shares of the real estate investment trust’s stock, valued at approximately $895,000.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC increased its holdings in Public Storage by 2.2% in the 1st quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 34 shares during the period. Gryphon Financial Partners LLC lifted its holdings in shares of Public Storage by 2.6% during the 1st quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock worth $385,000 after acquiring an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Public Storage by 1.7% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock worth $575,000 after acquiring an additional 37 shares during the period. Raiffeisen Bank International AG boosted its position in shares of Public Storage by 35.2% during the 4th 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 in the last quarter. Finally, Chesapeake Capital Corp IL boosted its position in shares of Public Storage by 1.3% during the 2nd quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock worth $953,000 after acquiring an additional 38 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.10% of the company’s stock.

Public Storage Trading Down 1.9%

Shares of Public Storage stock opened at $311.27 on Friday. The firm’s 50 day moving average is $322.43 and its 200 day moving average is $307.43. The firm 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 has a 1 year low of $256.54 and a 1 year high of $335.55. 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 (NYSE:PSA) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, beating the consensus estimate of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $4.28 EPS. The firm’s 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. Equities research analysts forecast that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio is presently 114.50%.

Analyst Ratings Changes

A number of research analysts recently issued reports on PSA shares. Citigroup lifted their price objective on shares of Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. BNP Paribas Exane upped their target price on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Jefferies Financial Group lifted their price target on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Raymond James Financial began coverage on Public Storage in a report on Thursday, July 16th. They set a “market perform” rating for the company. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.