3,125 Shares in Public Storage $PSA Acquired by Family Legacy Inc.

Posted by Brenda Bartman on Aug 16th, 2026

Family Legacy Inc. purchased a new stake in Public Storage (NYSE:PSA – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,125 shares of the real estate investment trust’s stock, valued at approximately $995,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PSA. Vanguard Group Inc. boosted its position in Public Storage by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after purchasing an additional 2,274,397 shares during the period. Norges Bank purchased a new position in Public Storage in the fourth quarter valued at about $1,163,751,000. Capital International Investors lifted its stake in shares of Public Storage by 821.4% during the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock worth $1,073,032,000 after purchasing an additional 3,686,211 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Public Storage by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 4,089,143 shares of the real estate investment trust’s stock worth $1,056,976,000 after buying an additional 66,445 shares during the period. Finally, Cohen & Steers Inc. grew its stake in shares of Public Storage by 9.3% in the fourth quarter. Cohen & Steers Inc. now owns 3,993,623 shares of the real estate investment trust’s stock valued at $1,036,375,000 after buying an additional 339,882 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Public Storage Stock Performance

Shares of PSA opened at $325.99 on Friday. The firm has a market cap of $57.25 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 3.84 and a beta of 0.96. 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 business’s 50 day moving average is $322.15 and its two-hundred day moving average is $304.57. Public Storage has a 52-week low of $256.54 and a 52-week high of $335.55.

Public Storage (NYSE:PSA – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $4.28 earnings per share. 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 fiscal year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio is 114.50%.

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on PSA. Citigroup raised their target price on Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Truist Financial lifted their price objective on shares of Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. BNP Paribas Exane upped their target price on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Barclays reaffirmed an “equal weight” rating and set a $349.00 price target on shares of Public Storage in a report on Friday, July 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Public Storage from $305.00 to $318.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Public Storage has a consensus rating of “Hold” and a consensus price target of $326.05.

Check Out Our Latest Stock Report on PSA

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.