Public Storage $PSA Shares Newly Purchased by Sawyer & Company Inc

Sawyer & Company Inc purchased a new stake in shares of Public Storage (NYSE:PSA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,053 shares of the real estate investment trust’s stock, valued at approximately $1,429,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sowell Financial Services LLC grew its holdings in Public Storage by 119.7% in the 3rd quarter. Sowell Financial Services LLC now owns 20,592 shares of the real estate investment trust’s stock valued at $5,824,000 after buying an additional 11,219 shares during the last quarter. Atticus Wealth Management LLC lifted its holdings in shares of Public Storage by 8.4% during the third quarter. Atticus Wealth Management LLC now owns 928 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 72 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Public Storage during the third quarter worth approximately $217,000. Nisa Investment Advisors LLC boosted its position in shares of Public Storage by 2.7% in the third quarter. Nisa Investment Advisors LLC now owns 37,319 shares of the real estate investment trust’s stock valued at $10,668,000 after acquiring an additional 977 shares during the period. Finally, Diversify Advisory Services LLC boosted its position in shares of Public Storage by 7.0% in the third quarter. Diversify Advisory Services LLC now owns 6,820 shares of the real estate investment trust’s stock valued at $2,014,000 after acquiring an additional 449 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Insiders own 11.10% of the company’s stock.

Analyst Ratings Changes

PSA has been the topic of several research analyst reports. Wells Fargo & Company set a $311.00 price objective on shares of Public Storage in a research note on Tuesday, September 1st. Evercore set a $308.00 target price on shares of Public Storage in a research note on Monday, September 21st. JPMorgan Chase & Co. decreased their price target on shares of Public Storage from $338.00 to $330.00 and set a “neutral” rating on the stock in a research report on Monday, September 21st. Scotiabank dropped their price objective on shares of Public Storage from $346.00 to $343.00 and set a “sector outperform” rating on the stock in a report on Wednesday, September 2nd. Finally, Truist Financial initiated coverage on shares of Public Storage in a report on Friday, October 2nd. They set a “buy” rating and a $317.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $323.42.

Public Storage Price Performance

NYSE:PSA traded down $3.37 during mid-day trading on Wednesday, hitting $298.39. The company’s stock had a trading volume of 186,006 shares, compared to its average volume of 1,055,229. The company has a market capitalization of $52.40 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 4.41 and a beta of 0.94. 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 fifty-two week low of $256.54 and a fifty-two week high of $335.55. The stock has a fifty day moving average of $300.61 and a 200-day moving average of $307.86.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $4.28 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities analysts forecast 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 was paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th were paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, September 15th. Public Storage’s dividend payout ratio is currently 114.50%.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.