Public Storage $PSA Stock Holdings Increased by Royal Bank of Canada

Royal Bank of Canada increased its stake in shares of Public Storage (NYSE:PSA) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 891,398 shares of the real estate investment trust’s stock after purchasing an additional 53,366 shares during the quarter. Royal Bank of Canada’s holdings in Public Storage were worth $241,461,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PSA. Empowered Funds LLC grew its holdings in shares of Public Storage by 13.3% during the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock valued at $954,000 after acquiring an additional 373 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Public Storage in the second quarter worth $929,000. Nebula Research & Development LLC purchased a new stake in shares of Public Storage during the second quarter worth $1,113,000. Treasurer of the State of North Carolina raised its holdings in shares of Public Storage by 1.9% during the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock worth $21,647,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in Public Storage by 219.8% during the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock valued at $14,140,000 after purchasing an additional 33,122 shares during the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $324.81, for a total transaction of $308,569.50. Following the transaction, the insider owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. This represents a 40.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.10% of the company’s stock.

Public Storage Trading Down 0.4%

Shares of NYSE:PSA opened at $329.27 on Thursday. The stock has a market capitalization of $57.80 billion, a PE ratio of 33.98, a P/E/G ratio of 4.44 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 firm has a fifty day moving average price of $317.11 and a 200 day moving average price of $301.39. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $4.12 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Public Storage will post 16.94 EPS for the current fiscal year.

Public Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, June 15th. Public Storage’s dividend payout ratio is 123.84%.

Key Public Storage News

Here are the key news stories impacting Public Storage this week:

• Positive Sentiment: Public Storage raised its 2026 Core FFO outlook to $16.75–$17.05 per share, compared with the analyst consensus of $16.94. The higher guidance signals confidence in the company’s earnings outlook. Public Storage Reports Second Quarter 2026 Results and Raises Guidance
• Positive Sentiment: Second-quarter net income rose 44.9% year over year to $2.55 per diluted share, while total revenue reached $1.23 billion, broadly matching expectations. The company also expanded through the $1.2 billion agreement to acquire Public Storage Canada and the completed all-stock merger with National Storage Affiliates, creating a portfolio of more than 4,500 locations. Public Storage Raises 2026 Guidance After $503 Million Q2 Profit
• Neutral Sentiment: Public Storage acquired 20 facilities during the quarter for $222.5 million, adding 1.5 million net rentable square feet. These investments support long-term growth but also increase the company’s capital and integration requirements.
• Negative Sentiment: Core FFO, the key REIT performance measure, was $4.17 per share, below the $4.25 consensus estimate and down from $4.28 a year earlier. This likely weighs more heavily on investors than the headline net-income beat. Public Storage Q2 FFO Miss Estimates
• Negative Sentiment: Same-store revenue declined 0.6% and same-store net operating income fell 2.2%, while overall quarterly revenue was essentially flat to slightly lower year over year. The results indicate continued pressure on organic storage demand and pricing.

Wall Street Analyst Weigh In

PSA has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $341.00 target price on shares of Public Storage in a research note on Wednesday, April 29th. Raymond James Financial assumed coverage on Public Storage in a research note on Thursday, July 16th. They set a “market perform” rating for the company. Evercore set a $316.00 price target on Public Storage in a report on Monday, July 6th. Jefferies Financial Group boosted 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, Royal Bank Of Canada increased their price objective on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $325.37.

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.