Public Storage (NYSE:PSA) Reaches New 1-Year High Following Dividend Announcement

Posted by Francis Steltz on Nov 4th, 2026

Public Storage (NYSE:PSA – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $342.62 and last traded at $341.2630, with a volume of 88,817 shares traded. The stock had previously closed at $333.39.

The newly announced dividend which will be paid on Friday, January 8th. Investors of record on Tuesday, December 15th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 15th. Public Storage’s dividend payout ratio is 125.65%.

Analysts Set New Price Targets

PSA has been the subject of a number of recent research reports. Truist Financial assumed coverage on Public Storage in a research note on Friday, October 2nd. They issued a “buy” rating and a $317.00 target price for the company. JPMorgan Chase & Co. dropped their target price on Public Storage from $338.00 to $330.00 and set a “neutral” rating on the stock in a report on Monday, September 21st. Royal Bank Of Canada boosted their price target on Public Storage from $318.00 to $323.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 28th. Wall Street Zen cut Public Storage from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Barclays upped their price target on Public Storage from $350.00 to $351.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Seven investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, Public Storage presently has a consensus rating of “Hold” and an average price target of $323.68.

View Our Latest Stock Analysis on Public Storage

Public Storage Trading Up 1.4%

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market cap of $63.19 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 4.96 and a beta of 0.89. The business has a 50 day simple moving average of $299.22 and a two-hundred day simple moving average of $303.28.

Public Storage (NYSE:PSA – Get Free Report) last issued its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.80). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Public Storage had a return on equity of 29.93% and a net margin of 37.76%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $4.31 EPS. As a group, equities analysts anticipate that Public Storage will post 16.97 EPS for the current year.

Insider Activity

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Public Storage in the second quarter worth about $5,495,077,000. Dimensional Fund Advisors LP boosted its holdings in Public Storage by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,280,540 shares of the real estate investment trust’s stock worth $617,720,000 after buying an additional 67,787 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Public Storage during the 2nd quarter worth $601,650,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Public Storage in the 2nd quarter valued at $558,904,000. Finally, Deutsche Bank AG purchased a new position in shares of Public Storage in the second quarter worth approximately $400,776,000. Institutional investors own 78.79% of the company’s stock.

Public Storage Company Profile

(Get Free Report)

Public Storage (NYSE: PSA) is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.