Triton Financial Group Inc Acquires Shares of 2,813 Public Storage $PSA

Triton Financial Group Inc acquired a new stake in Public Storage (NYSE:PSA) during the 2nd quarter, according to its most recent Form 13F filing 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.

A number of other hedge funds also recently modified their holdings of the stock. Pure Financial Advisors LLC bought a new stake in shares of Public Storage during the 2nd quarter worth about $576,000. Transamerica Financial Advisors LLC bought a new position in Public Storage in the 2nd quarter valued at about $313,000. Adelante Capital Management LLC bought a new position in Public Storage in the 2nd quarter valued at about $10,347,000. Corient Private Wealth LP bought a new position in Public Storage in the 2nd quarter valued at about $20,329,000. Finally, Pingora Partners LLC acquired a new stake in Public Storage during the second quarter worth approximately $223,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group lifted their price target on Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Mizuho boosted their price target on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Citigroup upped their price objective on Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings upgraded Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $326.16.

Public Storage Price Performance

Shares of Public Storage stock opened at $311.27 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $54.67 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 3.74 and a beta of 0.96. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55. The company has a 50-day simple moving average of $322.43 and a two-hundred day simple moving average of $307.43.

Public Storage (NYSE:PSA) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business posted $4.28 EPS. The business’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. Analysts forecast that Public Storage will post 16.93 EPS for the current year.

Public Storage Dividend Announcement

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

Insider Transactions at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was 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 SEC, which is accessible through this link. 11.10% of the stock is owned by corporate insiders.

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.