Winmill & CO. Inc. Makes New Investment in Public Storage $PSA

Winmill & CO. 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 firm acquired 1,700 shares of the real estate investment trust’s stock, valued at approximately $541,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PSA. Cibc World Market Inc. acquired a new position in shares of Public Storage during the 2nd quarter worth approximately $14,265,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Public Storage during the 2nd quarter valued at approximately $2,650,000. Osmosis Investment Management UK Ltd purchased a new position in shares of Public Storage during the 2nd quarter valued at approximately $4,411,000. Sanctuary Advisors LLC acquired a new stake in Public Storage in the 2nd quarter valued at $6,317,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Public Storage in the 2nd quarter valued at $1,301,000. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group upped their price target on shares of Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. BMO Capital Markets raised their price target on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. Evercore set a $316.00 target price on shares of Public Storage in a research note on Monday, July 6th. Mizuho boosted their target price on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings upgraded Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $326.16.

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the business’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 11.10% of the company’s stock.

Public Storage Stock Up 0.1%

PSA stock opened at $322.76 on Monday. Public Storage has a one year low of $256.54 and a one year high of $335.55. The firm has a market cap of $56.68 billion, a PE ratio of 30.80, a PEG ratio of 3.80 and a beta of 0.96. The firm’s 50 day moving average price is $322.35 and its 200-day moving average price is $306.46. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, topping the consensus estimate of $2.53 by $1.64. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, equities research analysts anticipate that Public Storage will post 16.93 EPS 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 dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

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.