Flavin Financial Services Inc. Takes $897,000 Position in Public Storage $PSA

Posted by George Bondi on Aug 24th, 2026

Flavin Financial Services Inc. acquired a new stake in shares of Public Storage (NYSE:PSA – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 2,819 shares of the real estate investment trust’s stock, valued at approximately $897,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayban bought a new stake in Public Storage in the 4th quarter worth approximately $26,000. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage during the 3rd quarter valued at $27,000. Bruce G. Allen Investments LLC boosted its stake in shares of Public Storage by 89.6% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 43 shares during the last quarter. Wealth Watch Advisors INC purchased a new position in shares of Public Storage in the 3rd quarter worth $34,000. Finally, Meeder Asset Management Inc. purchased a new stake in Public Storage during the second quarter valued at $36,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

NYSE PSA opened at $322.76 on Monday. The business’s fifty day moving average is $322.35 and its 200 day moving average is $306.46. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $56.68 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.

Public Storage (NYSE:PSA – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping 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 business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business posted $4.28 earnings per share. The business’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. Sell-side analysts predict that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend payout ratio is currently 114.50%.

Insider Transactions at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total transaction of $463,127.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on PSA shares. Truist Financial increased their target price on Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group restated a “buy” rating and set a $341.00 price target on shares of Public Storage in a research note on Wednesday, April 29th. Royal Bank Of Canada upped their price target on shares of Public Storage from $305.00 to $318.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Citigroup increased their price objective on shares of Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, BNP Paribas Exane raised their price objective on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $326.16.

Check Out Our Latest Report on Public Storage

About Public Storage

(Free Report)

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.