NEOS Investment Management LLC Increases Stock Holdings in Public Storage $PSA

Posted by George Bondi on Sep 5th, 2026

NEOS Investment Management LLC grew its position in Public Storage (NYSE:PSA – Free Report) by 13.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 58,996 shares of the real estate investment trust’s stock after purchasing an additional 7,089 shares during the period. NEOS Investment Management LLC’s holdings in Public Storage were worth $18,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Public Storage in the second quarter worth $5,495,077,000. Norges Bank purchased a new position in shares of Public Storage during the fourth quarter valued at $1,163,751,000. Capital International Investors raised its holdings in shares of Public Storage by 821.4% in the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock valued at $1,073,032,000 after acquiring an additional 3,686,211 shares in the last quarter. Geode Capital Management LLC increased its position in Public Storage by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 4,089,143 shares of the real estate investment trust’s stock valued at $1,056,976,000 after purchasing an additional 66,445 shares during the period. Finally, Cohen & Steers Inc. increased its position in Public Storage by 9.3% during the 4th 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 purchasing an additional 339,882 shares during the period. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PSA has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price objective on shares of Public Storage from $305.00 to $318.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Barclays lifted their price target on Public Storage from $349.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Evercore set a $316.00 price objective on Public Storage in a research note on Monday, July 6th. Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Seven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $327.00.

Check Out Our Latest Report on Public Storage

Insider Buying and Selling at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the business’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 SEC, which can be accessed through the SEC website. 11.10% of the stock is owned by company insiders.

Public Storage Price Performance

NYSE PSA opened at $301.83 on Friday. Public Storage has a 12-month low of $256.54 and a 12-month high of $335.55. The firm’s fifty day simple moving average is $320.62 and its two-hundred day simple moving average is $307.81. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $53.01 billion, a P/E ratio of 28.80, a P/E/G ratio of 4.16 and a beta of 0.95.

Public Storage (NYSE:PSA – Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $4.28 EPS. The firm’s quarterly 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 fiscal year.

Public Storage Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. Public Storage’s dividend payout ratio (DPR) is 114.50%.

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.