Osterweis Capital Management Inc. Makes New $6.67 Million Investment in Public Storage $PSA

Posted by George Bondi on Aug 25th, 2026

Osterweis Capital Management Inc. purchased a new stake in shares of Public Storage (NYSE:PSA – Free Report) during the second quarter, HoldingsChannel reports. The fund purchased 20,963 shares of the real estate investment trust’s stock, valued at approximately $6,673,000.

Several other large investors have also made changes to their positions in PSA. Legal & General Group Plc purchased a new stake in shares of Public Storage during the second quarter worth about $601,650,000. The Manufacturers Life Insurance Company bought a new stake in Public Storage during the 2nd quarter valued at approximately $31,718,000. Jones Financial Companies Lllp purchased a new position in Public Storage in the 2nd quarter worth approximately $114,000. Trajan Wealth LLC purchased a new position in Public Storage in the 2nd quarter worth approximately $8,167,000. Finally, L2 Asset Management LLC purchased a new position in Public Storage in the 2nd quarter worth approximately $287,000. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s stock in a transaction 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Public Storage Stock Performance

NYSE PSA opened at $324.95 on Tuesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. Public Storage has a 1-year low of $256.54 and a 1-year high of $335.55. The business has a 50 day simple moving average of $322.42 and a two-hundred day simple moving average of $306.78. The stock has a market capitalization of $57.07 billion, a PE ratio of 31.01, a P/E/G ratio of 3.80 and a beta of 0.96.

Public Storage (NYSE:PSA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $1.64. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, research analysts predict that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PSA. Weiss Ratings raised shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. BNP Paribas Exane boosted their target price 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. Barclays upped their target price on shares of Public Storage from $349.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Mizuho raised their target price on shares of Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Finally, BMO Capital Markets raised their target price on shares of Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $326.16.

Check Out Our Latest Stock Report on Public Storage

Public Storage Company Profile

(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.